Several bank and thrift regulators were recognized last week for their efforts to cut red tape.
Five employees at the Office of the Comptroller of the Currency and two teams at the Office of Thrift Supervision received awards from Vice President Al Gore last Friday.
OCC Ombudsman Samuel P. Golden got an award for establishing the agency's appeals process. Since he was appointed in July 1993, Mr. Golden has helped resolve 469 formal appeals from national banks.
Agency employees Leigh Hoge, Melinda Goodnight, Charlotte Klafka, and Mae Denmond also got awards for their work on the appeals program.
The OTS' regulatory revision team received an award for rewriting and paring the agency's rulebook. The team is headed by John Downey, executive director of supervision; Carolyn Buck, chief counsel; and John Price, director of supervision policy.
The thrift agency also was recognized for the way it processed the charter application of Security First Network Bank.
The OTS in 1995 gave the Pikesville, Ky., thrift permission to become the first insured institution to operate exclusively on the Internet.