FDIC: Press Release (PR-40-99--7-12-99)

FOR IMMEDIATE RELEASE
PR-40-99 (7-12-99)

Securities and Exchange Commission

Federal Deposit Insurance Corporation

Federal Reserve Board

Office of the Comptroller of the Currency

Office of Thrift Supervision

Joint Release

Washington, D.C.
July 12, 1999

FDIC-PR-40-99

Media Contacts:
SEC:	John Heine (202) 942-0022
FDIC:	David Barr (202) 898-6992
FRB:	Bob Moore (202) 452-3215
OCC:	Robert Garsson (202) 874-5770
OTS:	Paul Lockwood (202) 906-6677

The Securities and Exchange Commission, Federal Deposit Insurance Corporation, Federal Reserve Board, Office of the Comptroller of the Currency and Office of Thrift Supervision have jointly issued the attached letter to financial institutions on the allowance for loan losses.

Attachment

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