WASHINGTON - Underscoring the growing competition between state and federal regulators, the New York Banking Department is asking Empire State banks to compare its fees with those charged by the Comptroller.

The Office of the Comptroller of the Currency recently reduced its fees for a number of corporate applications. Last week, New York acting superintendent of banks Carmine M. Tenga sent a letter telling the 98 banks he regulates that even with the OCC cuts, it is cheaper to be a state-chartered bank.

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