Revisions to Regulation K
October 18, 2001
Circular No. 11388

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

In a press release, the Federal Reserve Board has announced revisions to Regulation K that expand permissible activities for U.S. banking organizations and reduce the regulatory burden on foreign banks operating in the United States. A copy of the Board's notice is attached.

Questions on the matter may be directed, at this Bank, to Jay Bernstein, Bank Supervision Officer, or Joseph Bell, Staff Director, Banking Applications Department.