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OCC Bulletin 2019-32
July 22, 2019
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties
On July 22, 2019, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the U.S. Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, and the U.S. Securities and Exchange Commission (collectively, the agencies) published a final rule implementing amendments to section 13 of the Bank Holding Company Act, commonly known as the Volcker rule. The amendments are contained in sections 203 and 204 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
Most community banks meet the conditions under the final rule that exempt them from the Volcker rule.
The final rule
Please contact Roman Goldstein, Risk Specialist, Treasury and Market Risk Policy, at (202) 649-6360; or Tabitha Edgens, Senior Attorney, or Mark O’Horo, Senior Attorney, Chief Counsel’s Office, at (202) 649-5510.
Jonathan V. Gould
Senior Deputy Comptroller and Chief Counsel