Rulings on Location of Depository Institutions to Facilitate Interstate Branching - Circulars

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Circular

Rulings on Location of Depository Institutions to Facilitate Interstate Branching

July 21, 1997

Circular No. 10965

Effective October 1, 1997

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

In our Circular No. 10935, dated March 27, 1997, the Board of Governors of the Federal Reserve System requested comment on a proposal to clarify the definition of the location of a depository institution in order to facilitate interstate branching. The Board has now announced the adoption of final amendments to its Regulations D and I, and its Rules Regarding Delegation of Authority, on this matter, effective October 1, 1997.

A copy of the amendments, as published in the Federal Register of June 27, 1997 is available as a file (pdf - 40kb). Additional copies may be obtained from our Public Information Department (Tel. No. 212-720-6130).

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