[Federal Register Volume 62, Number 49 (Thursday, March 13, 1997)]
[Notices]
[Page 11894]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6401]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL


Interagency Policy Statement Regarding Disclosure of Statutory 
Enforcement Actions

AGENCIES: Office of the Comptroller of the Currency (OCC); Board of 
Governors of the Federal Reserve System (FRB); Federal Deposit 
Insurance Corporation (FDIC); Office of Thrift Supervision (OTS); 
National Credit Union Administration (NCUA).

ACTION: Withdrawal of statement of policy.

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SUMMARY: The OCC, FRB, FDIC, OTS and NCUA (the Agencies) are 
withdrawing their joint statement of policy entitled ``Disclosure of 
Statutory Enforcement Actions'' (the Statement), set forth at 45 FR 
6648 (January 29, 1980), on the ground that it is obsolete.

EFFECTIVE DATE: The removal of the Statement of Policy is effective 
March 13, 1997.

FOR FURTHER INFORMATION CONTACT:

OCC: Daniel P. Stipano (202/874-4800), Director, Enforcement and 
Compliance Division, 250 E Street, SW., Washington, DC 20219
FRB: Ann Marie Kohlligian (202/452-3528), Senior Counsel, 20th & C 
Street, NW., Washington, DC 20551
FDIC: Andrea Gribble (202/736-3047), Senior Counsel, 550 l7th Street, 
NW., Washington, DC 20429
OTS: Richard C. Stearns (202/906-7966), Deputy Chief Counsel for 
Enforcement, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552
NCUA: John Ianno (703/518-6540), Trial Attorney, 1775 Duke Street, 
Alexandria, VA 22314-3428.

SUPPLEMENTARY INFORMATION: The Statement of Policy set forth the 
circumstances in which each of the Agencies would disclose to the 
public information concerning or relating to statutory enforcement 
proceedings brought against regulated institutions or other persons 
subject to the Agencies' enforcement authority. The statement has 
become obsolete. The statement was superseded by Section 913 of the 
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 
(FIRREA), 12 U.S.C. 1818(u) (1989), which took effect on August 9, 
1989. Section 913 establishes statutory standards for the public 
disclosure of enforcement actions by the Agencies.

AGENCIES ACTION: The Agencies hereby withdraw the Statement.

    Dated at Washington, DC, this 10th day of March, 1997.

Federal Financial Institutions Examination Council
Keith J. Todd,
Assistant Executive Secretary.
[FR Doc. 97-6401 Filed 3-12-97; 8:45 am]
BILLING CODES 6210-01-P, 6720-01-P, 6714-01-P, 4810-33-P, 7535-01-P