Compliance Spotlight
Review of Regulations Under the Economic Growth and Regulatory Paperwork Reduction Act 
The Federal Financial Institutions Examination Council (FFIEC), the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (agencies) are required under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations and to consider how to reduce the regulatory burden on insured depository institutions while ensuring their safety and soundness and the safety and soundness of the financial system.
In connection with the current review, the agencies are publishing four Federal Register notices over the next two years. The first notice 
was published on June 4, 2014; the comment period officially closed on September 2, 2014. The other three notices will be published in the future. The regulations have been divided into 12 subject-matter categories, and each notice will address one or more categories. The notices list all of the regulations under review, some of which are Interagency regulations, and some of which are unique to each agency. The public is invited to comment and can do so through the FFIEC website during the comment period.
In addition, the agencies are conducting outreach meetings. The first meeting was held on December 2, 2014, in Los Angeles. Additional meetings will be held throughout 2015, and locations currently include Dallas on February 4, Boston on May 4, Chicago in October (date to be determined), and Washington, D.C., on December 2. The sessions are videotaped and can be viewed on the FFIEC website along with agendas and registration information for the future outreach meetings.