{"id":"AGY-FED-FINANCIAL-027","kind":"order","level":"federal","jurisdiction":"United States; OCC, Federal Reserve Board and FDIC (federal interagency)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"OCC, Board of Governors and FDIC","authority":"12 U.S.C. § 3907; § 1831o","instrument":"Interim final rule, Temporary Asset Thresholds, 85 Fed. Reg. 77345 (Dec. 2, 2020)","title":"Temporary Asset Thresholds","dateIssued":"2020-12-02","effective":"2020-12-02","end":"2021-12-31 (permits use of Dec. 31, 2019 assets for thresholds through 2021)","startDate":"2020-12-02","endDate":"2021-12-31","quarters":["2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["community banking organizations with assets under $10 billion"],"clause":"[The agencies are] temporarily revising the instructions [so that institutions may use asset data as of] December 31, 2019, in order to [determine applicability of certain regulatory thresholds notwithstanding] temporary asset growth [from COVID-19-related programs].","enforcement":"12 C.F.R. parts 3, 217, 324 and related thresholds","functions":["OP regulatory reporting and compliance thresholds","BL"],"notes":"The agencies\u0027 finding that PPP and stimulus deposits caused temporary balance-sheet growth \u0027in connection with COVID-19-related programs\u0027; in force through 2021Q3","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-12-02/pdf/2020-26138.pdf","snapshot":"","fileExists":true,"fileBytes":331223,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-027","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-027","citation":"OCC, Board of Governors and FDIC, Interim final rule, Temporary Asset Thresholds, 85 Fed. Reg. 77345 (Dec. 2, 2020) (Ex. AGY-FED-FINANCIAL-027)","stateName":"","related":[]}