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OTS: Subordinated Debt Securities and Mandatorily Redeemable Preferred Stock

ABA Contact: Compliance staff
Published: 71 Federal Register 37862; July 3, 2006
Comments Due: September 1, 2006
Disposition: Filed

Summary

The OTS proposes to update its regulations on issuing subordinated debt and mandatorily redeemable preferred stock that qualifies for tier 2 capital. OTS proposes to reduce the restrictions to make them conform to the other federal banking agencies, and to update the procedures to reflect simplified filing procedures adopted by the OTS since the initial issuance of the rule. ABA supported the proposed changes.

2006 Regulatory Chart
Federal Register Notice
Final Rule
ABA Comment Letter