OCC 2005-34
OCC Bulletin

Subject:      Electronic Filing and Disclosure of Beneficial Ownership 
              Reports
Description:  Final Rule

Date:  October 6, 2005

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

The attached final rule applies to only a small number of
national banks that register their securities with the Office of
the Comptroller of the Currency (OCC).  The rule, which amends
the OCC's rules governing application of Securities Exchange Act
disclosure rules to national banks (12 CFR 11), was published in
the Federal Register on August 10, 2005.

The rule implements provisions enacted in the Sarbanes-Oxley Act
of 2002 requiring the electronic filing of certain beneficial
ownership reports by officers, directors, and major shareholders
(insiders) of companies that have equity securities registered
under the Securities Exchange Act of 1934.  Insiders of
registered national banks must file these reports with the OCC.
This rule requires that all beneficial ownership reports required
to be filed with the OCC must be filed electronically and posted
on a registered national bank's Web site, if it has one.

On July 28, 2003, the OCC informed national banks of an
interagency electronic filing system, FDICconnect, which is
available for submission of these reports.  The OCC then issued
an interim rule, with request for comments.  Since the OCC
received no comments, it adopted the rule as final without
changes.

For questions concerning this final rule, contact Asa
Chamberlayne, counsel, Securities and Corporate Practices
Division at (202) 874-5210 or Martha Vestal Clarke, counsel,
Legislative and Regulatory Activities Division at (202) 874-5090.


Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel

Attachment: Final Rule
[http://www.occ.treas.gov/fr/fedregister/70fr46403.pdf]