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News Release 2009-139 | November 12, 2009

Federal Regulators Reopen Comment Period for Correspondent Concentration Risks Guidance

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision

WASHINGTON — The federal bank and thrift regulatory agencies today announced they are reopening the comment period on proposed guidance on correspondent concentration risks, originally published on September 25. The comment period will be open until November 27, 2009, an additional 30 days after the original comment period closed.

A copy of the proposed guidance, along with the notice to reopen the comment period, are attached.

Media Contacts

Federal Reserve
Susan Stawick
(202) 452-2955

FDIC
David Barr
(202) 898-6992

OCC
Bryan Hubbard
(202) 874-5770

OTS
Janet Frank
(202) 906-6677