other · Treasury · Rule · Published 1996-09-30 · Effective 1996-10-30 · 61 FR 50951
Document
Document number
96-23726
Federal Register citation
61 FR 50951
CFR reference
12 CFR 545
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
1996-09-30
Effective date
1996-10-30
Treasury docket
No. 96-87
Abstract
The Office of Thrift Supervision (OTS or Office) is today issuing a final rule updating, reorganizing, and substantially streamlining its lending and investment regulations and policy statements. These amendments are being made pursuant to the Regulatory Reinvention Initiative of the Vice President's National Performance Review (Reinvention Initiative) and section 303 of the Community Development and Regulatory Improvement Act of 1994 (CDRIA), which requires OTS and the other federal banking agencies to review, streamline, and modify regulations and policies to improve efficiency, reduce unnecessary costs, and remove inconsistent, outmoded, and duplicative requirements.