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Each depositor insured to at least $250,000 per insured bank

Press Releases

Joint Release

For Immediate Release
January 14, 2015

Agencies Announce Additional EGRPRA Outreach Meetings

Federal banking agencies will hold an outreach meeting on February 4, 2015, at the Federal Reserve Bank of Dallas as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). The meeting is the second in a series of outreach sessions that the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System are holding throughout the country.

The meeting will feature panel presentations by industry participants and consumer and community groups. It also provides an opportunity for interested persons to present their views on any of the 12 categories of regulations listed in a June 2014 Federal Register notice that started the EGRPRA public comment process. Comptroller of the Currency Thomas J. Curry, Governor Jerome H. Powell, and Chairman Martin J. Gruenberg are scheduled to attend the meeting in Dallas. In addition, Commissioner of the Texas Banking Department Charles G. Cooper will attend, and state banking regulators are invited to participate through the State Liaison Committee of the Federal Financial Institutions Examination Council (FFIEC).

EGRPRA requires the agencies, along with the FFIEC, to conduct a review at least every 10 years to identify outdated or otherwise unnecessary regulations. In June of last year, the agencies published a notice in the Federal Register soliciting comments on three categories of regulations and will request comment on the remaining nine categories over the next year and a half. The June 2014 Federal Register notice is available at http://egrpra.ffiec.gov.

The agencies held their first outreach meeting on December 2, 2014, in Los Angeles, California. Additional meetings are currently scheduled for Boston, Massachusetts, on May 4, 2015; Chicago, Illinois, on October 19, 2015; and Washington, D.C. on December 2, 2015. The agencies also plan to hold an outreach meeting focused on rural banks. These meetings may be viewed live online at http://egrpra.ffiec.gov/.

Details on the Dallas meeting, including registration information, the webcast link, and the agenda, are available on the EGRPRA Web site: http://egrpra.ffiec.gov/outreach/outreach-index.html.

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Media Contacts:
Federal Reserve Board Eric Kollig (202) 452-2955
FDIC LaJuan Williams-Young (202) 898-3876
OCC Stephanie Collins (202) 649-6870

FDIC: PR-3-2015

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