Comptroller of the Currency
Federal Deposit Insurance Corporation
Federal Reserve Board
Office of Thrift Supervision
FOR IMMEDIATE RELEASE
August 13, 1996
Interagency Policy Statement on Corporate Forms
The four federal banking agencies have announced their intention to adopt three interagency corporate forms that would replace and streamline forms that currently vary from agency to agency.
Under Section 304 of the Riegle Community Development and Regulatory Improvement Act of 1994, the agencies are developing forms that promote consistency and uniformity in a manner that reduces federal regulatory burden on the banking industry. These are the first uniform corporate forms proposed by the agencies.
The forms approved by the agencies for public comment are:
Notice of the proposal has been published in the Federal Register which invites comments on the draft forms by September 12, 1996. A copy of each draft form is available from any of the agencies.
The regulatory agencies are continuing to review other corporate forms in their efforts to achieve uniformity and to simplify or eliminate duplicative or outmoded policies or procedures which unnecessarily burden financial institutions.
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