OCC pulls the plug on more than 200 ‘issuances’ for savings institutions from defunct OTS

Rescission of more than 200 advisory letters, circulars, bulletins, and other documents or issuances affecting federal savings institutions formerly regulated by the former Office of Thrift Supervision (OTS) was announced Friday by the institutions’ latest regulator, the federal regulator of national banks.

The Office of the Comptroller of the Currency (OCC), now the regulator of federally chartered thrift institutions (which the OCC inherited from the now-defunct OTS), said the 205 rules being rescinded were either outdated, had been replaced, incorporated into other OCC issuances, or were cover letters (transmittals) that conveyed other documents (such as a proposed or final rule). “The rescission does not apply to the conveyed document,” the OCC noted.

Complete lists of the rescinded issuances (either as those that were outdated or replaced, or transmittal letters and documents) are listed in the announcement from the OCC.

OCC Issuances: Rescissions