BB 93-12
BANKING ISSUANCES

Comptroller of the Currency
Administrator of National Banks
Type:  Banking Bulletin
Subject:  Interagency Policy Statement on Credit Availability

TO:  Chief Executive Officers of All National Banks, Department and
     Division Heads, Deputy Comptrollers, and All National Bank Examiners.


Attached is a copy of the Interagency Policy Statement on Credit
Availability that was released on March 10 by the four federal regulatory
agencies for banks and thrifts. The agencies released the statement to
follow up on President Clinton's speech in which he announced his program
to deal with problems of credit availability.

The changes in the President's program address five major areas: loans to
small- and medium-sized businesses; real estate lending and appraisals;
agency procedures for handling appeals by bankers and consumer complaints;
examination procedures; and the paperwork and regulatory burden on banks.
 
The agencies intend to complete the changes proposed in the program within
the next several months. The OCC will announce and implement each change
as soon as all the details are worked out, rather than waiting for all the
proposed changes to be finalized before putting them into effect.






Stephen R. Steinbrink
Acting Comptroller of the Currency


Attachment 

Date:  March 10, 1993