District Circular Letters

June 11, 2001

BANKING SUPERVISION AND REGULATION:
REGULATION P
EXAMINATION PROCEDURES

To State Member Banks, Bank
Holding Companies,
and Others Concerned,
in the Twelfth Federal Reserve District

New Regulation P Examination Procedures (CA 01-5)

Regulation P limits the instances in which a financial institution may share nonpublic personal information about its consumers, unless the institution provides certain notices to consumers with the opportunity to opt out of the disclosure. Regulation P was effective November 13, 2000, and compliance is required by July 1, 2001. Attached are the recently approved Regulation P examination procedures.

Additional Information

All circulars are available on the Internet through the Federal Reserve Bank of San Francisco's Internet site, at http://www.frbsf.org/banking/letters.

For additional information about Regulation P examination procedures, please contact our Banking Supervision and Regulation Department, at (415) 974-2967

FEDERAL RESERVE BANK OF SAN FRANCISCO