Circular
Regulation I - Federal Reserve Bank Capital Stock
April 14, 1997
Circular No. 10940

Proposed Amendments - Comments Due May 30

To All Member Banks in the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System has proposed amendments to its Regulation I - Issue and Cancellation of Federal Reserve Bank Capital Stock -- in order to reduce regulatory burden and to simplify and update requirements, in accordance with the Board's policy of regular review of its regulations and pursuant to section 303 of the Riegle Community Development and Regulatory Improvement Act of 1994.

The text of the proposal, as published in the Federal Register of March 31, is available as a (pdf) file. Comments thereon should be submitted by May 30, 1997, and sent to the Board of Governors, as specified in the notice.