Capital Briefs: OCC Exempts Reports Of Suspicion from FOI

The Office of the Comptroller of the Currency has added suspicious-activity reports to the list of documents exempt from the Freedom of Information Act.

The rule, released last week, also clarified the comptroller's right to make nonpublic information available to banks and others even if they do not request it. The OCC said such discretion would let it share information on year-2000 problems, check-fraud schemes, and other issues affecting safety and soundness.