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 are requesting public comment on a proposal to revise their rules regarding management interlocks. Comment is requested by October 13, 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. The interagency notice is attached.

Summary only | Summary and proposed rule (66 KB PDF)

1998 Banking and consumer regulatory policy