FDIC - Guidance on due diligence requirements of final rule on permissible investments in corporate debt securities by federal and state savings associations.
The final guidance explains supervisory expectations for savings associations in conducting due diligence to determine whether a corporate debt securities investment satisfies the creditworthiness requirements of the final rule published simultaneously with this guidance (77 FR 43151). The FDIC's proposed guidance was published in the Federal Register on December 15, 2011 (76 FR 78090).
Effective Date(s): 7/21/2012
Submit Your Comments:
Comment period is closed.
Agency Reference: 12 CFR Part 362