Financial_Services_Industry_White_Paper_on_Business_Continui.doc

Board of Governors of the Federal Reserve System [Docket No. R-1128] Office of the Comptroller of the Currency [Docket No. 02-13] Securities and Exchange Commission [Release No. 34-46432; File No. S7-32-02] Draft Interagency White Paper on Sound Practices to Strengthen the Resilience of the U. S. Financial System Agencies: Board of Governors of the Federal Reserve System (Board); Office of the Comptroller of the Currency, Treasury (OCC); and Securities and Exchange Commission (SEC). Action: Request for comment. Summary: The Federal Reserve, the Office of the Comptroller of the Currency and the Securities and Exchange Commission are publishing this draft white paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System for comment. The New York State Banking Department and the Federal Reserve Bank of New York also participated in drafting the paper. The New York State Banking Department is issuing the paper separately for comment by interested persons. The federal agencies and the New York State Banking Department are referred to as the “agencies” in the paper. The paper discusses the views of the agencies on sound practices based on discussions with industry representatives on how the events surrounding September 11, 2001, have altered business recovery and resumption expectations for purposes of ensuring the resilience of the U.S. financial system and seeks comments on those views. Dates: Comments must be received on or before [insert date 45 days from date of publication in the Federal Register]. Addresses: Comments should be directed to: Board: Comments should refer to Docket No. R-1128 and should be submitted to Ms. Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW, Washington, D.C. 20551, or mailed electronically to ments@. Comments addressed to Ms. Johnson may also be delivered to the Boards mail facility in the West Courtyard between 8:45