Public Comment, EGRPRA, America's Community Bankers

May 6, 2005 Ms. Jennifer Johnson, Secretary Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System 250 E Street, SW th20 Street and Constitution Avenue, NW Mailstop 1-5 Washington D.C. 20551 Washington D.C. 20219 Attention: Docket No. OP-1220 Attention: Docket No. 05-01 Robert E. Feldman, Executive Secretary Chief Counsel’s Office Federal Deposit Insurance Corporation Office of Thrift Supervision th550 17 Street, NW 1700 G Street, NW Washington, D.C. 20429 Washington D.C. 20552 Attention: No. 2005-02 Re: Request for Burden Reduction Recommendations; Money Laundering, Safety and Soundness, and Securities Rules; Economic Growth and Regulatory Paperwork Reduction Act of 1996 Review 70 FR 5571 (February 3, 2005) Dear Sir or Madam: 1America’s Community Bankers (ACB) is pleased to comment on the federal banking agencies’ 2 3 (the agencies) review of regulatory burden imposed on insured depository institutions.Required by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 41996 (EGRPRA), the agencies are reviewing and identifying outdated, unnecessary, and unduly burdensome regulatory requirements. This comment letter responds to the request for comments regarding money laundering, safety and soundness, and securities rules. 1 America's Community Bankers is the national trade association partner for community banks that pursue progressive, entrepreneurial and ...