Regulators propose common form for charter and federal deposit insurance applications

<p>WASHINGTON-In an effort to promote consistency and reduce regulatory burden, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation have proposed a uniform charter and federal deposit insurance application form. The new “Interagency Charter and Federal Deposit Insurance Application” form will be used to apply for a national bank or federal savings association charter and for federal deposit insurance. A copy of the final form is available from any of the agencies or at their Web sites. The agencies plan to implement the “Interagency Charter and Federal Deposit Insurance Application” in early 2002 after receiving clearance from the Office of Management and Budget. The agencies are inviting comment in the Federal Register.</p>