Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks
Fed · other · Published 2006-12-11 · Effective 2006-12-11 · 71 FR 71472
Document
Document number
E6-20956
Federal Register citation
71 FR 71472
CFR reference
12 CFR 215
Type
Rule
Action
Interim rule with request for public comments.
Category
other
Agency
US Federal Reserve System
Publication date
2006-12-11
Effective date
2006-12-11
Docket
Regulation O
Abstract
The Board is adopting, on an interim basis, and soliciting comment on amendments to the Board's Regulation O to eliminate certain reporting requirements. These amendments implement section 601 of the Financial Services Regulatory Relief Act of 2006. The Board proposed and supported eliminating these statutory reporting provisions because the Board had found that they did not contribute significantly to the effective monitoring of insider lending or the prevention of insider abuse.