February 25, 1992
TO: BOARD OF GOVERNORS NO. 13-92
RE: OCC REGULATORY REVIEW
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The Office of the Comptroller of the Currency has issued a
notice requesting comments on regulations that "may hinder
economic growth". The notice follows President Bush's
announcement of a 90-day regulatory review designed to promote
economic growth and reduce regulatory burdens. It is expected
that representatives of banking groups will take this opportunity
to urge that the OCC proceed with its proposal to deregulate bank
common trust funds, including permitting the advertising and
mass-merchandising of these funds, which was noticed for public
comment in February 1990. The Institute intends to file a
comment letter opposing any such action.
A copy of the notice is attached.
Craig S. Tyle
Deputy General Counsel
Attachment