Letter to FDIC Regarding Proposed Rule RIN 3064-AF88, Parent Companies of Industrial Banks and Industrial Loan Companies
The National Association of Industrial Bankers (NAIB), the Utah Bankers Association (UBA), and the Nevada Bankers Association (NBA) appreciate the opportunity to submit the following comments on the proposed rule RIN 3064-AF88, Parent Companies of Industrial Banks and Industrial Loan Companies, which amends 12 CFR Part 354 (the Proposed Rule). We urge the FDIC to withdraw the Proposed Rule. The Proposed Rule ignores the financial record of industrial banks, which has been superior to other insured depository institutions in every measure for the last 40 years.