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�౦��Ϸ���� (�౦��Ϸ����) has issued the attached "Request for Comment on Study of Banking Regulations Regarding the Online Delivery of Banking Services." Section 729 of the Gramm-Leach-Bliley Act requires the �౦��Ϸ���� to review its regulations regarding the delivery of financial services and report recommendations to Congress for adapting existing requirements to online banking and lending.

The �౦��Ϸ���� is seeking public comment on issues regarding financial institutions' involvement in electronic banking before submission of the �౦��Ϸ����'s report to Congress. Public comment will help determine whether any �౦��Ϸ���� regulations should be revised to remove regulatory impediments to financial institutions' use of new technologies. The �౦��Ϸ���� would also like to know whether it should consider promulgating regulations that would facilitate financial institutions' use of new technologies. Based on the comments received, the �౦��Ϸ����, in its report to Congress, may identify possible revisions or additions to �౦��Ϸ���� regulations or supervisory guidance.

Written comments may be submitted by mail, hand-delivery, e-mail (comments@fdic.gov), or via the �౦��Ϸ����'s Electronic Public Comments section of its Web site (www.fdic.gov/regulations/laws/publiccomments/index.html). Comments must be received by September 14, 2001.

For more information, please contact Jeffrey M. Kopchik (202-898-3872) in the �౦��Ϸ����'s Division of Supervision, or Robert A. Patrick (202-898-3757) in the �౦��Ϸ����'s Legal Division.

Attachment: July 16, 2001, Federal Register , pages 37029-37030
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Distribution: �౦��Ϸ����-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of �౦��Ϸ���� financial institution letters may be obtained through the �౦��Ϸ����'s Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).