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7/26/24, 1:43 PM FRB: Press Release -- Joint policy statement regarding branch closings by insured depository institutions -- July 7, 1999 Release Date: July 7, 1999 For immediate release The Federal Reserve Board, along with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision, today issued a joint policy statement regarding branch closings by insured depository institutions. The joint policy statement is effective immediately. The policy statement clarifies additional statutory steps regarding notice and consultation for proposed branch closings by interstate banks in low- or moderateincome areas, and makes certain other clarifying changes. The interagency policy statement is attached. Summary only | Summary and notice (35 KB PDF) 1999 Banking and consumer regulatory policy Home | News and events Accessibility Last update: July 7, 1999 https://www.federalreserve.gov/boarddocs/press/boardacts/1999/19990707/ 1/1