OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES RULE: UNSAFE OR UNSOUND PRACTICES, MATTERS REQUIRING ATTENTION

WASHINGTON, Sept. 1 -- Office of the Comptroller of the Currency has issued a rule called: Unsafe or Unsound Practices, Matters Requiring Attention.

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

Summary: The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are adopting a final rule to define the term "unsafe or unsound practice" for purposes of section 8 of the Federal Deposit Insurance Act and to revise the supervisory framework for the issuance of matters requiring attention and other supervisory communications.

For more information, contact OCC:Eden Gray, Assistant Director, Marjorie Dieter, Special Counsel, Harry Naftalo...