Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
INACTIVE
This page is no longer active. Its content has expired or been rescinded by the FDIC.

ONLINE DELIVERY OF BANKING SERVICES

Information Technology / Cybersecurity
August 28, 2001


TO: CHIEF EXECUTIVE OFFICER
SUBJECT: FDIC Seeks Comment on Study of Banking Regulations Regarding the Online Delivery of Banking Services

The Federal Deposit Insurance Corporation (FDIC) has issued the attached "Request for Comment on Study of Banking Regulations Regarding the Online Delivery of Banking Services." Section 729 of the Gramm-Leach-Bliley Act requires the FDIC to review its regulations regarding the delivery of financial services and report recommendations to Congress for adapting existing requirements to online banking and lending.

The FDIC is seeking public comment on issues regarding financial institutions' involvement in electronic banking before submission of the FDIC's report to Congress. Public comment will help determine whether any FDIC regulations should be revised to remove regulatory impediments to financial institutions' use of new technologies. The FDIC would also like to know whether it should consider promulgating regulations that would facilitate financial institutions' use of new technologies. Based on the comments received, the FDIC, in its report to Congress, may identify possible revisions or additions to FDIC regulations or supervisory guidance.

Written comments may be submitted by mail, hand-delivery, e-mail (comments@fdic.gov), or via the FDIC's Electronic Public Comments section of its Web site (www.fdic.gov/regulations/laws/publiccomments/index.html). Comments must be received by September 14, 2001.

For more information, please contact Jeffrey M. Kopchik (202-898-3872) in the FDIC's Division of Supervision, or Robert A. Patrick (202-898-3757) in the FDIC's Legal Division.

Michael J. Zamorski
Acting Director

Attachment: July 16, 2001, Federal Register , pages 37029-37030
HTML or PDF (39 KB File - PDF Help or Hard Copy )

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 (800-276-6003 or (703) 562-2200).


FIL-70-2001

Last Updated: August 28, 2001