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TREAS/OCC RIN: 1557-AC79 Publication ID: Fall 2008 
Title: Regulatory Burden Reduction and Technical Amendments 
Abstract: This rulemaking revised the OCC's rules in order to reduce regulatory burden and to make technical, clarifying, and conforming changes. The revisions update part 1 to codify recent OCC precedents and clarify current requirements; make technical changes to parts 4 and 5 to reflect the OCC's current organizational restructuring; simplify, clarify, and make conforming and technical corrections to the OCC's corporate application procedures and standards in part 5; conform parts 5, 23, 31, and 32 to the Federal Reserve Board's Regulation W; revise part 7 to clarify a national bank's authority to act as a guarantor or surety; update and clarify national bank authority to engage in electronic activities; conform part 9 to regulations adopted by the Securities and Exchange Commission; streamline certain requirements under part 16; amend part 34 to provide additional flexibility in selecting indices for use with adjustable rate mortgages; update and make technical corrections to part 37; amend various parts of title 12 to remove OCC authority over District of Columbia-chartered banks pursuant to the 2004 District of Columbia Omnibus Authorization Act; and amend parts 5, 7, 19, and 24 to reflect changes made by the Financial Services Regulatory Relief Act of 2006 (Pub. L. 109-351, 10/13/2006). 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1 to 5    12 CFR 7    12 CFR 9 to 11    12 CFR 16    12 CFR 19    12 CFR 21    12 CFR 22 and 23    12 CFR 26 to 28    12 CFR 31 and 32    12 CFR 37    12 CFR 40   
Legal Authority: 5 USC 301    5 USC 504    5 USC 552    5 USC 554 to 557    12 USC 1 et seq    12 USC 24 to 24a    12 USC 71 to 71a    12 USC 84    12 USC 92 to 92a    12 USC 93 to 93a    12 USC 161    12 USC 164    12 USC 215a-2 and 215a-3    12 USC 375a and 375b    12 USC 481 and 482    12 USC 484    12 USC 505    12 USC 1442    12 USC 1817 and 1818    12 USC 1820 and 1821    12 USC 1831m    12 USC 1831p-1    12 USC 1831o    12 USC 1833e    12 USC 1867    12 USC 1951 et seq    12 USC 1972    12 USC 2601 et seq    12 USC 2801 et seq    12 USC 2901 et seq    12 USC 3101 et seq    12 USC 3102    12 USC 3108    12 USC 3401 et seq    12 USC 3909    12 USC 4717    15 USC 77uu    15 USC 78    15 USC 78o-4 and 78o-5    15 USC 78q    15 USC 78q-1    15 USC 78s    15 USC 78u-2    15 USC 78u-3    15 USC 78w    18 USC 641    18 USC 1905 and 1906    28 USC 2461 note    29 USC 1204    31 USC 330    31 USC 5321    31 USC 9701    42 USC 3601    42 USC 4012a    42 USC 4104a and 4104b    42 USC 4106    42 USC 4128    44 USC 3506    44 USC 3510   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/03/2007  72 FR 36550   
NPRM Comment Period End  09/04/2007    
Final Action  04/24/2008  73 FR 22216   
Final Action Effective  07/01/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Heidi M. Thomas
Senior Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-5490
Email: heidi.thomas@occ.treas.gov