# Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks
> **US Federal Reserve System** · Interim rule with request for public comments. · Published 2006-12-11 · Effective 2006-12-11 · 71 FR 71472
## Document
- **Document number:** E6-20956
- **Category:** other
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 71 FR 71472
- **CFR reference:** 12 CFR 215
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/12/11/E6-20956/loans-to-executive-officers-directors-and-principal-shareholders-of-member-banks)
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