Federal Deposit Insurance Corporation November 25, 2011 – Federal Register Recent Federal Regulation Documents

Calculation of Maximum Obligation Limitation
Document Number: 2011-29993
Type: Proposed Rule
Date: 2011-11-25
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Department of the Treasury
This notice of proposed rulemaking is published jointly by the Federal Deposit Insurance Corporation (the ``FDIC'') and the Departmental Offices of the Department of the Treasury (the ``Treasury'') (collectively, the ``Agencies'') and proposes rules to implement applicable provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'').\1\ In accordance with the requirements of the Dodd-Frank Act, the proposed rules govern the calculation of the maximum obligation limitation (``MOL''), as specified in section 210(n)(6) of the Dodd-Frank Act. The MOL limits the aggregate amount of outstanding obligations that the FDIC may issue or incur in connection with the orderly liquidation of a covered financial company.
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