Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996

Résumé

The OCC, Board, FDIC, and OTS ("we" or "the Agencies") are beginning a review of our regulations to reduce burden imposed on insured depository institutions, as required by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996. We have categorized our regulations for the purpose of the review and propose to publish 12 categories of regulations for review between now and 2006. The categories, and the regulations that the Agencies consider to be part of those categories, are detailed below. This review presents a significant opportunity to consider the possibilities for burden reduction among groups of similar regulations. We welcome comment on the categories, the order of review, and all other aspects of the project in order to maximize its effectiveness. Today, we are publishing our first in a series of public releases, comprising three of the categories--"Applications and Reporting," "Powers and Activities," and "International Operations"--for public comment so as to identify outdated, unnecessary, or unduly burdensome regulatory requirements imposed on insured depository institutions. Since we will publish a series of releases containing requests for