District Circular Letters
August 17, 1998
REGULATION L:
MANAGEMENT INTERLOCKS
To Member and Nonmember Banks,
Bank Holding Companies, and Others Concerned
in the Twelfth Federal Reserve District
Request for Comment Regarding Management Interlocks (Docket
R-1013)
The Federal Reserve Board, the Office of the Comptroller of the Currency,
the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision
are requesting public comment on a proposal to revise their rules regarding
management interlocks.
Comment is requested by October 9, 1998.
The proposal conforms the interlocks rules to recent statutory changes,
modernizes and clarifies the rules, and reduces unnecessary regulatory
burdens where feasible, consistent with statutory requirements.
Copies
Copies of the Board's notice (Docket
R-1013) are available from our Corporate Services Department.
To request copies to be sent via mail, please call (415) 974-2748.
To request copies to be sent via fax, please call (415) 974-3333,
and specify document number 4235.
Additional Information
For additional information regarding Regulation L, please contact our
Banking Supervision and Regulation Department, at (415) 974-3007.
FEDERAL RESERVE BANK OF SAN FRANCISCO
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