Federal Reserve Board announces it will extend, until November 4, the comment period on its proposal to modernize Regulation O

An official website of the United States Government Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock Locked padlock icon ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites. For release at 4:00 p.m. EDT Share The Federal Reserve Board announced Friday that it will extend, until November 4, the comment period on its proposal to modernize Regulation O, its rule governing the extension of credit by a bank to its "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisions. The Board extended the comment period to allow interested parties more time to analyze the issues and prepare their comments. Comments on the proposal were originally due by October 5. For media inquiries, please email [emailprotected] or call 202-452-2955. Federal Register notice: Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies Comments: Submit | View