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Comptroller Plans New Bank Disclosure Rules

October 21, 1985|From Reuters

NEW ORLEANS — Acting Comptroller of the Currency Joe Selby said Sunday that he plans to propose a rule requiring national banks to disclose to the public more information about their financial condition.

Selby told the American Bankers Assn. that he plans to sign a proposed rule this week that will require banks to file with the comptroller's office financial information similar to the kind that the SEC requires of publicly traded companies.

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