96-29505. Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Loans to Holding Companies and Affiliates; Correction

[Federal Register Volume 61, Number 224 (Tuesday, November 19, 1996)]
[Rules and Regulations]
[Page 58782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29505]


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FEDERAL RESERVE SYSTEM

12 CFR Part 215

[Regulation O; Docket No. R-0939]


Loans to Executive Officers, Directors, and Principal 
Shareholders of Member Banks; Loans to Holding Companies and 
Affiliates; Correction

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule; correction.

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SUMMARY: This document corrects the announced effective date of recent 
amendments to Regulation O, which limits how much and on what terms a 
bank may lend to its own insiders and insiders of its affiliates. These 
amendments were effective under the Small Business Regulatory 
Enforcement Fairness Act of 1996, on November 8, 1996, the date they 
appeared in the Federal Register. The final rule as published, however, 
incorrectly stated that they were effective November 4, 1996, the date 
the Board adopted them.

EFFECTIVE DATE: Effective November 4, 1996, the effective date for the 
final rule published at 61 FR 57769 is corrected to be November 8, 
1996.

FOR FURTHER INFORMATION CONTACT: Gregory Baer, Managing Senior Counsel 
(202/452-3236), or Gordon Miller, Attorney (202/452-2534), Legal 
Division, Board of Governors of the Federal Reserve System. For the 
hearing impaired only, Telecommunications Device for the Deaf (TDD), 
Dorothea Thompson (202/452-3544).

    By order of the Board of Governors of the Federal Reserve 
System, November 13, 1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-29505 Filed 11-18-96; 8:45 am]
BILLING CODE 6210-01-P