FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
Interagency Policy Statement Regarding Disclosure of Statutory
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).
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6648 (January 29, 1980), on the ground that it is obsolete.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 The statement was superseded by Section 913 of the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