OCC 2003-21
OCC Bulletin

Subject:      Application of Recent Corporate Governance Initiatives 
              to Non-Public Banking Organizations
Description:  Interagency Statement

Date:         May 29, 2003

TO:  Chief Executive Officers of All National Banks, Department
     and Division Heads, All Examining Personnel, and Other
     Interested Parties

On May 6, 2003, the Office of the Comptroller of the Currency,
the Office of Thrift Supervision, and the Board of Governors of
the Federal Reserve System jointly issued the attached
Interagency Statement on the Application of Recent Corporate
Governance Initiatives to Non-Public Banking Organizations.  The
Interagency Statement was prepared in response to questions the
agencies have received concerning whether they intend to require
banking organizations to comply with the provisions of the
Sarbanes-Oxley Act or the proposed NYSE and NASDAQ listing
standards if the banking organizations are not public companies
or otherwise subject to the provisions through other laws.

For more information, contact Kirk Spurgin in the Core Policy
Division at (202) 874-5190.




Mark O'Dell
Deputy Comptroller, Core Policy



Attachment
[ http://www.occ.treas.gov/ftp/release/
SarbanesOxley-InteragencyStatement.pdf ]