The Federal Deposit Insurance Corp. has started asking bankers for written copies of "know your customer" policies before safety-and-soundness exams, and it's scaring some institutions out of their wits.

But FDIC officials said the alarm is unwarranted. The banking agencies have not yet released final "know your customer" rules. Examiners in several regions are asking for the policies, but no bank will be marked down for not yet having one.

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