FOR IMMEDIATE RELEASE
January 2, 2004
Contact: Robert Garsson
OCC Issues Final Rule Authorizing Electronic Filing of Corporate Applications
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published a final rule that permits national banks to file any class of corporate applications electronically. The OCC seeks to minimize regulatory burden and to achieve greater efficiencies, including cost savings, through increased use of electronic technology.
Today's final rule adopts without change an interim rule that was effective in April. The final rule facilitates the OCC's existing system for filing corporate applications electronically. This "e-Corp" system was announced in March and enables national banks to file four types of corporate applications and five types of corporate notices electronically at the present time. The OCC plans for 90 percent of corporate applications to be able to be filed electronically in three years.
National banks are not required to file corporate applications electronically.
The final rule is available at www.occ.treas.gov.
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