|For immediate release|
The Federal Reserve Board today announced withdrawal of its proposed "Know Your Customer" regulation that was issued for public comment on December 7, 1998.
The Board, acting along with the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Office of Thrift Supervision, withdrew the proposal in response to comments received.
An interagency joint statement is attached.
1999 Banking and consumer regulatory policy