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News Release 2011-81 | June 23, 2011

Agencies Extend Comment Period on Swap Margin and Capital Proposed Rulemaking

Joint Release

Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency

Five federal agencies have approved and will submit a Federal Register notice that extends the comment period on a proposed rule to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The comment period was extended to July 11, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 24, 2011.

The proposal was issued by the Federal Reserve Board, the Farm Credit Administration, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and the Office of the Comptroller of the Currency.

Media Contacts:

Federal ReserveBarbara Hagenbaugh(202) 452-2955
FCAChristine Quinn(703) 883-4108
FDICGreg Hernandez(202) 898-6984
FHFACorinne Russell(202) 414-6921
OCCBryan Hubbard(202) 874-5770

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