OCC BULLETIN 2014-28
Subject: Economic Growth and Regulatory Paperwork
Date: June 26, 2014
To: Chief Executive Officers of National Banks and Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Regulatory Review to Identify Outdated, Unnecessary, or Unduly Burdensome Regulations
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, agencies) to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations applicable to insured depository institutions. To facilitate this review, the agencies divided their regulations into 12 subject-matter categories and identified the regulations in each category. Over the next two years, the agencies will publish four Federal Register notices, each addressing one or more categories, and ask members of the public to identify the regulations in each category that they believe are outdated, unnecessary, or unduly burdensome for insured depository institutions.
The agencies published the first Federal Register notice on June 4, 2014, with a 90-day comment period that ends on September 2, 2014. In this notice, the agencies requested comment on the regulations in the Applications and Reporting, Powers and Activities, and International Operations categories.
Please contact Karen E. McSweeney, Counsel, Legislative and Regulatory Activities Division, at (202) 649-5490.
Amy S. Friend