FDIC Federal Register Citations

[Federal Register: March 13, 1997 (Volume 62, Number 49)]

[Notices]

[Page 11894]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr13mr97-82]

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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

Interagency Policy Statement Regarding Disclosure of Statutory

Enforcement Actions

AGENCIES: Office of the Comptroller of the Currency (OCC); Board of

Governors of the Federal Reserve System (FRB); Federal Deposit

Insurance Corporation (FDIC); Office of Thrift Supervision (OTS);

National Credit Union Administration (NCUA).

ACTION: Withdrawal of statement of policy.

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SUMMARY: The OCC, FRB, FDIC, OTS and NCUA (the Agencies) are

withdrawing their joint statement of policy entitled ``Disclosure of

Statutory Enforcement Actions'' (the Statement), set forth at 45 FR

6648 (January 29, 1980), on the ground that it is obsolete.

EFFECTIVE DATE: The removal of the Statement of Policy is effective

March 13, 1997.

FOR FURTHER INFORMATION CONTACT:

OCC: Daniel P. Stipano (202/874-4800), Director, Enforcement and

Compliance Division, 250 E Street, SW., Washington, DC 20219

FRB: Ann Marie Kohlligian (202/452-3528), Senior Counsel, 20th & C

Street, NW., Washington, DC 20551

FDIC: Andrea Gribble (202/736-3047), Senior Counsel, 550 l7th Street,

NW., Washington, DC 20429

OTS: Richard C. Stearns (202/906-7966), Deputy Chief Counsel for

Enforcement, Office of Thrift Supervision, 1700 G Street, NW.,

Washington, DC 20552

NCUA: John Ianno (703/518-6540), Trial Attorney, 1775 Duke Street,

Alexandria, VA 22314-3428.

SUPPLEMENTARY INFORMATION: The Statement of Policy set forth the

circumstances in which each of the Agencies would disclose to the

public information concerning or relating to statutory enforcement

proceedings brought against regulated institutions or other persons

subject to the Agencies' enforcement authority. The statement has

become obsolete. The statement was superseded by Section 913 of the

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

(FIRREA), 12 U.S.C. 1818(u) (1989), which took effect on August 9,

1989. Section 913 establishes statutory standards for the public

disclosure of enforcement actions by the Agencies.

AGENCIES ACTION: The Agencies hereby withdraw the Statement.

Dated at Washington, DC, this 10th day of March, 1997.

Federal Financial Institutions Examination Council

Keith J. Todd,

Assistant Executive Secretary.

[FR Doc. 97-6401 Filed 3-12-97; 8:45 am]

BILLING CODES 6210-01-P, 6720-01-P, 6714-01-P, 4810-33-P, 7535-01-P