Recommendations of Private-Sector Working Group on Public Disclosure
January 22, 2001
Circular No. 11314

To the Chief Executive Officers of all State Member Banks and Bank Holding Companies in the Second Federal Reserve District:

The Working Group on Public Disclosure, chaired by Walter V. Shipley, retired chairman of Chase Manhattan Bank, has recommended enhanced and more frequent public disclosure of financial information by banking and securities organizations, as announced in a joint press release by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the U.S. Securities and Exchange Commission (the Agencies). The private-sector Working Group was established by the Agencies in April 2000 [see our Circular No. 11247].

The group's report (pdf - 193kb) is contained in a letter to Governor Laurence H. Meyer of the Federal Reserve Board. The Agencies' response (pdf - 6kb) is also available.

Questions on this matter may be directed, at this Bank, to Sarah Dahlgren, Senior Vice President, Bank Supervision Group.