Circular
Guidance Regarding Significant Changes in the General Character of a Bank's Business
March 25, 2002
Circular No. 11430

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

To All State Member Banks and Others
Concerned in the Second Federal Reserve District:

In a Supervisory Letter, the Federal Reserve Board issues a reminder of the requirement in Regulation H that state member banks must receive the prior approval of the Board before making any change in the general character of their business.

Questions on the matter may be directed, at this Bank, to Thomas Oravez, Assistant Vice President, Bank Supervision Group.