Federal Deposit Insurance Corporation August 5, 2014 – Federal Register Recent Federal Regulation Documents

On July 21, 2014, the Federal Deposit Insurance Corporation (FDIC) caused a document entitled ``Transferred OTS Regulations Regarding Possession by Conservators and Receivers for Federal and State Savings Associations'' to be published in the Federal Register. The effect of this publication was to give notice of a proposed rulemaking to rescind and remove regulations regarding possession by conservators and receivers for federal and state savings associations, which are no longer necessary in light of or contradict provisions of the Federal Deposit Insurance Act and are not in accordance with FDIC practice and procedures. It has come to the attention of FDIC that the document submitted to the Federal Register was an early draft of the notice and not the final version approved by FDIC Board of Directors. FDIC is, therefore, withdrawing the document published July 21, 2014, and publishing the correct version elsewhere in the Federal Register today.