Standards for Safety and Soundness — 1995-07-10 [95-16563]

As required by section 132 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board of Governors), the Federal Deposit Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS) (collectively, the agencies) have adopted a final rule establishing deadlines for submission and review of safety and soundness compliance plans. The agencies may require compliance plans to be filed by an insured depository institution for failure to meet the safety and soundness standards prescribed by guideline pursuant to section 39 of the Federal Deposit Insurance Act (FDI Act). In conjunction with this final rule, the agencies have adopted Interagency Guidelines Establishing Standards for Safety and Soundness (Guidelines). The Guidelines will appear as an appendix to each of the agencies' final rule.