CASH: The Fed revised a policy statement to allow banks to designate up to 10 locations anywhere in the country where they may receive free access to the cash processing system. Previously, the Fed required banks to access the cash processing system from sites within their home Federal Reserve Bank district. Published March 10. Effective May 4.
MUTUAL THRIFTS: The OTS issued a rule permitting federal mutual holding companies to set up stock holding companies to avoid paying high taxes in stock buybacks. Under a three-tiered structure, a stock holding company would be sandwiched between a thrift and its mutual parent company. Published March 9. Effective April 1.