DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket No. 99-06] FEDERAL RESERVE SYSTEM [Docket No. R-1036] FEDERAL DEPOSIT INSURANCE CORPORATION DEPARTMENT OF THE TREASURY Office of Thrift Supervision [Docket No. 99-33] Branch Closings AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision (OTS), Treasury. ACTION: Joint policy statement. SUMMARY: The OCC, the Board, the FDIC, and the OTS (the agencies) are revising their joint policy statement regarding branch closings by insured depository institutions. This action is needed to incorporate changes in the underlying statute made by section 106 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 and section 2213 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The action is intended to clarify the additional steps regarding notice and consultation for proposed branch closings by interstate banks in low- or moderate-income areas, and to clarify the status of automated teller machines, relocations and consolidations, and branch closings in connection with emergency acquisitions or assistance by the FDIC. EFFECTIVE DATE: June 29, 1999. ADDRESSES: Nominations should be submitted in writing and mailed (not sent by facsimile) to Sandra F. Braunstein, Assistant Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. 20551. FOR FURTHER INFORMATION CONTACT: OCC: Crystal Maddox, National Bank Examiner, Licensing Policy and Systems Analyst, Bank Organization and Structure Division (202/874-5060); Sue Auerbach, Senior Attorney, Bank Activities and Structure Division (202/874-5300); Beth Knickerbocker, Senior Attorney, Community and Consumer Law Division (202/874-5750); Office of the Comptroller of the Currency, 250 E Street, SW., Washington DC 20219. Board: Rick Heyke, Senior Attorney, Legal Division (202/452-3688), Board of Governors of the Federal Reserve System, 20th and C Streets, NW., Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD), Diane Jenkins (202/452-3544). FDIC: Curtis Vaughn, Examination Specialist, Division of Supervision (202/898-6759); Gladys C. Gallagher, Counsel, Legal Division (202/898-3833); Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. OTS: Larry Clark, Director of Trust Programs, Compliance Policy and Specialty Examinations (202/906-5628); Lucrecia R. Moore, Attorney (202/906-6161); Office of Thrift Supervision, 1700 G Street, NW., Washington DC 20552.

Summary and notice (35 KB PDF)

1999 Banking and consumer regulatory policy