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OCC Expands Banks’ Lending Limit Rule to Include Swaps Exposures

June 20 (Bloomberg) -- The Office of the Comptroller of the Currency adopted an interim final rule to amend the lending limit for national banks under a Dodd-Frank Act requirement.

The rule revises the definition of loans to include derivative-transaction exposures, repurchase agreements and securities lending, the OCC said today in a statement announcing the final rule. Banks and savings associations have to comply by the end of the year, the agency said.

To contact the reporter on this story: Jesse Hamilton in Washington at jhamilton33@bloomberg.net.

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net.

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