|For immediate release|
The Federal Reserve Board, along with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision, today issued a joint policy statement regarding branch closings by insured depository institutions.
The joint policy statement is effective immediately.
The policy statement clarifies additional statutory steps regarding notice and consultation for proposed branch closings by interstate banks in low- or moderate-income areas, and makes certain other clarifying changes.
The interagency policy statement is attached.
1999 Banking and consumer regulatory policy