The Office of the Comptroller of the Currency is giving national banks more time to dispose of leased branches and back-office space they no longer need.

The rule, in today's Federal Register, will ease a requirement that national banks dispose of unused leased offices within 10 years.

Currently, a bank can retain such property longer only by subletting it to another entity for the entire remainder of the original lease term.

Under the new rule, which takes effect April 19, the bank will be able to keep the property for 10 years after such a sublease expires.

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