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Article: OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES BULLETIN REGARDING BULLETIN DESCRIBES HOW NATIONAL BANKS' COVERED BOND ISSUANCES MAY SATISFY FDIC POLICY STATEMENT REQUIREMENT, QUALIFY FOR EXPEDITED ACCESS TO CERTAIN PLEDGED COVERED BOND COLLATERAL
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 20, 2008
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The U.S. Department of the Treasury's Comptroller of the Currency issued the following news release:
Subject: Covered Bonds
Description: Issuances of U.S. Covered Bonds by National Banks
TO: Chief Executive Officers of National Banks, Department and Division Heads, Examining Personnel, and Other Interested Parties
On July 28, 2008, the Federal Deposit Insurance Corporation (FDIC) published the attached final policy statement (policy statement) clarifying how the FDIC will treat certain covered bonds in a receivership or conservatorship involving the issuing insured depository institution. The policy statement provides for expedited access to pledged covered bond collateral if the covered ...