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�౦��Ϸ���� (�౦��Ϸ����) Board of Directors is requesting public comment on the attached proposed rule clarifying the filing and processing of applications submitted by insured depository institutions. Comments on this proposed rule are due by February 25, 2003.

The proposal, in part, contains amendments to:

• clarify the regulation and definitions contained therein,
• add a provision for authority to waive any non-statutorily required provision for good cause, and
• clarify that the acquisition of control of a parent company of a state nonmember bank generally requires a change in control notice.

For more information, please contact Mindy West, Examination Specialist in the �౦��Ϸ����'s Division of Supervision and Consumer Protection, at 202-898-7221 or Susan van den Toorn in the �౦��Ϸ����'s Legal Division at 202-898-8707.

Attachment: Dec. 27, 2002, Federal Register, pages 79271-79275

Distribution: All Insured Depository Institutions

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 (1-877-275-3342, option 5, or (703) 562-2200).