Federal Deposit Insurance Corporation
550 17th Street NW, Washington, DC 20429 Division of Supervision
NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information
Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).
ECONOMIC GROWTH AND REGULATORY PAPERWORK REDUCTION
ACT FIL-53-2003
June 23, 2003
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Federal Financial Regulatory Agencies Seek Comment on Regulatory Burden Reduction
Summary: The federal financial regulatory agencies are seeking burden reduction recommendations
pursuant to Section 2222 of the Economic Growth and Regulatory Paperwork Reduction
Act of 1996.
The federal financial regulatory agencies – the Federal Deposit Insurance Corporation, the
Board of Governors of the Federal Reserve System, the Office of the Comptroller of the
Currency, and the Office of Thrift Supervision – have published the attached joint notice
requesting public comment on their plan to identify and eliminate outdated, unnecessary or
unduly burdensome regulations imposed on insured depository institutions.
The agencies are reviewing their regulations for burden reduction pursuant to Section 2222 of
the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA
requires the agencies to categorize their regulations by type, publish the categories for
comment between now and 2006, report to Congress on any significant issues raised by the
comments and eliminate unnecessary regulations.
Until September 15, the agencies are requesting comment on the following three categories of
regulations: Applications and Reporting, Powers and Activities, and International Operations.
The regulations within those categories are listed in Chart A of the attached Federal
Register notice (foreign banks may also want to consult Chart B).
Visit the EGRPRA Web site at www.EGRPRA.gov to access the Federal Register notice, charts
of categories and regulations, and to make comments to the agencies.
John M. Reich
Vice Chairman
Attachment: June 16, 2003, Federal Register, pages 35589-35612 HTML | PDF (3.3 MB File
- PDF Help or Hard Copy)
Distribution: FDIC-Supervised Banks (Commercial and Savings)
Last Updated 01/06/2009 communications@fdic.govInactive
550 17th Street NW, Washington, DC 20429 Division of Supervision
NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information
Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).
ECONOMIC GROWTH AND REGULATORY PAPERWORK REDUCTION
ACT FIL-53-2003
June 23, 2003
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Federal Financial Regulatory Agencies Seek Comment on Regulatory Burden Reduction
Summary: The federal financial regulatory agencies are seeking burden reduction recommendations
pursuant to Section 2222 of the Economic Growth and Regulatory Paperwork Reduction
Act of 1996.
The federal financial regulatory agencies – the Federal Deposit Insurance Corporation, the
Board of Governors of the Federal Reserve System, the Office of the Comptroller of the
Currency, and the Office of Thrift Supervision – have published the attached joint notice
requesting public comment on their plan to identify and eliminate outdated, unnecessary or
unduly burdensome regulations imposed on insured depository institutions.
The agencies are reviewing their regulations for burden reduction pursuant to Section 2222 of
the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA
requires the agencies to categorize their regulations by type, publish the categories for
comment between now and 2006, report to Congress on any significant issues raised by the
comments and eliminate unnecessary regulations.
Until September 15, the agencies are requesting comment on the following three categories of
regulations: Applications and Reporting, Powers and Activities, and International Operations.
The regulations within those categories are listed in Chart A of the attached Federal
Register notice (foreign banks may also want to consult Chart B).
Visit the EGRPRA Web site at www.EGRPRA.gov to access the Federal Register notice, charts
of categories and regulations, and to make comments to the agencies.
John M. Reich
Vice Chairman
Attachment: June 16, 2003, Federal Register, pages 35589-35612 HTML | PDF (3.3 MB File
- PDF Help or Hard Copy)
Distribution: FDIC-Supervised Banks (Commercial and Savings)
Last Updated 01/06/2009 communications@fdic.govInactive