OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES RULE: RESCISSION OF OCC GUIDELINES ESTABLISHING STANDARDS FOR RECOVERY PLANNING BY CERTAIN LARGE INSURED NATIONAL BANKS, INSURED FEDERAL SAVINGS ASSOCIATIONS, AND INSURED FEDERAL BRANCHES

WASHINGTON, April 1 -- Office of the Comptroller of the Currency has issued a rule called: Rescission of OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches.

The rule was published in the Federal Register on April 1 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The OCC is amending its regulations by rescinding "OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches."

For more information, contact Sean Young, Chief Counsel's Office, 202/649-5490; Office of the Comptroller of the Currency, 400 7th Str...