Proposed Rule2025-13504
Parent Companies of Industrial Banks and Industrial Loan Companies; Withdrawal of Proposed Rule
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 18, 2025
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The Federal Deposit Insurance Corporation (FDIC) is withdrawing a notice of proposed rulemaking relating to parent companies of industrial banks and industrial loan companies. If the FDIC decides to make changes in this area, it will do so through a future regulatory action.
Full Text
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<title>Federal Register, Volume 90 Issue 136 (Friday, July 18, 2025)</title>
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[Federal Register Volume 90, Number 136 (Friday, July 18, 2025)]
[Proposed Rules]
[Pages 33910-33911]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13504]
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FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 354
RIN 3064-AF88
Parent Companies of Industrial Banks and Industrial Loan
Companies; Withdrawal of Proposed Rule
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Proposed rule; withdrawal.
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SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is
withdrawing a notice of proposed rulemaking relating to parent
companies of industrial banks and industrial loan companies. If the
FDIC decides to make changes in this area, it will do so through a
future regulatory action.
DATES: The FDIC is withdrawing the proposed rule published at 89 FR
65556 (August 12, 2024) as of July 18, 2025.
FOR FURTHER INFORMATION CONTACT: Catherine Topping, Counsel, (202) 898-
3975, <a href="/cdn-cgi/l/email-protection#1477607b64647d7a735472707d773a737b62"><span class="__cf_email__" data-cfemail="b8dbccd7c8c8d1d6dff8dedcd1db96dfd7ce">[email protected]</span></a>; Gregory Feder, Counsel, (202) 898-8724,
<a href="/cdn-cgi/l/email-protection#dfb8b9babbbaad9fb9bbb6bcf1b8b0a9"><span class="__cf_email__" data-cfemail="89eeefecedecfbc9efede0eaa7eee6ff">[email protected]</span></a>; Rachel Harrison, Attorney, (703) 562-6471,
<a href="/cdn-cgi/l/email-protection#413320222920333328322e2f01272528226f262e37"><span class="__cf_email__" data-cfemail="a7d5c6c4cfc6d5d5ced4c8c9e7c1c3cec489c0c8d1">[email protected]</span></a>, Legal Division; Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Background
The FDIC is withdrawing the notice of proposed rulemaking described
below. The FDIC no longer intends to issue a final rule with respect to
this proposal. If the FDIC decides to make changes in this area, it
will do so through a future regulatory action.
Parent Companies of Industrial Banks and Industrial Loan Companies
On August 12, 2024, the FDIC published a proposed rule that would
have revised the criteria that the FDIC would consider when assessing
risks presented to an industrial bank or industrial loan company
(collectively, industrial bank) by its parent organization. The
proposed amendments would have changed the scope of 12 CFR part 354 to
include conversions involving a proposed industrial bank under section
5 of the Home Owners' Loan Act or other transactions as determined by
the FDIC, changes of control or mergers of parent companies, and other
instances when an industrial bank becomes a subsidiary of a company not
subject to Federal consolidated supervision. Additionally, the proposed
amendments would have clarified the relationship between written
commitments and the FDIC's evaluation of the relevant statutory
factors. The proposed amendments also would have set forth additional
criteria that the FDIC would consider when assessing the risks
presented to an industrial bank by its parent company and any
affiliates and evaluating the institution's ability to function
independently of the parent company and any affiliates.
The FDIC is separately soliciting information and comments from
interested parties on how the FDIC reviews filings submitted by
industrial banks. This feedback will inform potential changes to how
the FDIC evaluates the statutory factors applicable to each filing in
light of the unique aspects of industrial bank business plans and the
broad range of companies that may seek to establish an industrial bank.
Withdrawal of Proposed Rule
The FDIC is withdrawing the proposed rule because, as noted above,
it no longer intends to issue a final rule with respect to this
proposal. If the FDIC decides to pursue future regulatory action in
this area, it will do so by publishing a new proposed rule or other
issuance consistent with the requirements of the Administrative
Procedure Act, as applicable.
Federal Deposit Insurance Corporation.
[[Page 33911]]
By order of the Board of Directors.
Dated at Washington, DC, on July 15, 2025.
Debra A. Decker,
Executive Secretary.
[FR Doc. 2025-13504 Filed 7-17-25; 8:45 am]
BILLING CODE 6714-01-P
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