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Financial Institution Letters |
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FIL-80-96 October 4, 1996 |
TO: | CHIEF EXECUTIVE OFFICER |
SUBJECT: | Revised Policy Statement on the Use
of Offering Circulars in Connection With the Public
Distribution of Bank Securities |
The FDIC Board of Directors has approved revisions to
its policy statement on the use of offering circulars in
connection with the public distribution of bank securities.
The FDIC Board believes that the revisions to the original
policy statement will strengthen public confidence in the
banking system by providing for full disclosure in offering
circulars. The revisions are effective immediately.
The revisions update and clarify the standards in the
initial statement of policy, adopted July 2, 1979. The changes
are expected to enhance capital formation. The primary changes
pertain to:
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Nicholas J. Ketcha Jr. |
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Director |
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Distribution: FDIC-Supervised Banks (Commercial and Savings) 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 ((703) 562-2200). |
Last Updated 07/13/1999 | communications@fdic.gov |