For immediate release

The Federal Reserve Board today announced adoption of a final rule that revises Regulation H. This rule removes outdated material, updates and reorganizes the remaining material, and incorporates provisions designed to reduce burden on state member banks. The Board also is rescinding Regulation P, which is no longer necessary since its provisions have been incorporated into Regulation H. Regulation P requires each bank to adopt appropriate security procedures. The final rules are effective October 1, 1998. The Board's notices are attached.

Summary only | Final rule revising Regulation H (229 KB PDF) Summary only | Final rule rescinding Regulation P (13 KB PDF)

1998 Banking and consumer regulatory policy