OCC 2000-6
Subject: Privacy of Financial Information
Description:  Proposed Rule
Date: March 2, 2000

TO:  Chief Executive Officers of All National Banks, 
Department and Division Heads, and All Examining Personnel

The attached proposed rule on privacy of financial 
information was published in the Federal Register 
on February 22, 2000.  Comments are due March 31, 2000.

The Office of the Comptroller of the Currency is 
requesting comment on a proposed privacy rule,
published jointly with the Board of Governors of 
the Federal Reserve System, the Federal Deposit 
Insurance Corporation, and the Office of Thrift 
Supervision, that implements the requirements 
imposed by the recently enacted Gramm Leach 
Bliley Act.  Under that Act, a financial institution 
must provide its customers with a notice of its 
privacy policies and practices at the time of 
establishing a customer relationship.  A financial 
institution also must provide a consumer, prior 
to disclosing nonpublic personal information about 
that consumer to certain nonaffiliated third parties, 
with a notice of its privacy policies and practices 
and a notice of the consumer's right to opt out 
of the information sharing.  The attached proposed 
rule invites comments on all aspects of the 
proposed implementation of the statutory requirements.

For further information, contact Amy Friend, assistant 
chief counsel, (202) 874-5200; Mark Tenhundfeld, 
assistant director,  Legislative and Regulatory 
Activities Division, (202) 874-5090; Michael Bylsma, 
director, Community and Consumer Law, (202) 874-5750; 
Steve Van Meter, senior attorney, Community and 
Consumer Law, (202) 874-5750; Karen Furst, policy 
analyst, Economic and Policy Analysis, (202) 874-4509; 
Paul Utterback, national bank examiner, Bank Supervision 
Policy, (202) 874-5461; or Jeffery Abrahamson, attorney, 
Legislative and Regulatory Activities Division, (202) 874-5090.



____________________________________
Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel

Attachment 65 FR 8770