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Inactive Financial Institution Letters

Reducing Regulatory Burden
Recommendations Sought for Reducing Regulatory Burden in Money Laundering, Safety and Soundness, and Securities Rules
FIL-8-2005
February 3, 2005


Summary: The federal banking and thrift regulatory agencies are asking for recommendations on how to reduce the regulatory burden in 28 rules. Those rules relate to Money Laundering, Safety and Soundness and/or Securities. Comments are due by May 4, 2005.

Highlights:
  • The federal banking and thrift regulatory agencies are asking for burden reducing recommendations on 28 regulations concerning Money Laundering, Safety and Soundness, or Securities.
  • Comments are due by May 4, 2005.
  • This request is part of the agencies' effort to identify and eliminate regulatory requirements that are outdated, unnecessary or unduly burdensome pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).
  • Comments may be submitted directly to the agencies on the EGRPRA Web site at www.EGRPRA.gov.
  • For more information about this request, please refer to the attached Federal Register notice. For more information about the EGRPRA project in general, including comments we have already received, visit the EGRPRA Web site at www.EGRPRA.gov.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Compliance Officer

Related Topics:
Bank Secrecy Act Compliance
Safety and Soundness Standards
Securities Rules and Recordkeeping

Attachment:
Federal Register, Feb. 3, 2005, pages 5571-5577
        Federal Register, Feb. 3, 2005, pages 5571-5577 - PDF 360k (PDF Help)

Contact:
Claude A. Rollin, Special Assistant to the Vice Chairman, at (202) 898-8741

Printable Format:
FIL-8-2005 - PDF 29k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC FILs 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).



Last Updated 4/7/2009 communications@fdic.gov