NEW YORK -- A proposal by New York's banking agency promises to relieve the state's small banks - and possibly small banks nationwide - of a big paperwork burden.

The proposal, which would apply to state banks holding up to $150 million of assets, was part of a sweeping regulatory package unveiled by State Banking Superintendent Derrick D. Cephas on Oct. 7.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.