[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22649-22650]
Part LI
Federal Deposit Insurance Corporation
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Proposed Rule Stage
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4086. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT
SUBSTITUTES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819;
12 USC 1828; 12 USC 1831; 12 USC 3907; 12 USC 3909
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: The FDIC, the FRS, the OCC, and the OTS (``Agencies'') are
revising their risk-based capital standards to address the regulatory
capital treatment of recourse arrangements and direct credit
substitutes that expose banks, bank holding companies, and thrifts to
credit risk. One portion of the NPRM addressing the risk-based capital
treatment of low-level recourse transactions is required to be
published as a separate final rule by CDRI.
In addition, the Agencies published, in an ANPRM, a preliminary
proposal to use credit ratings to match the risk-based capital
assessment more closely to an institution's relative risk of loss in
certain asset securitizations. The Agencies are also seeking comment on
the need for a similar system for unrated asset securitizations and on
how such a system would be designed. The Agencies intend that any final
rules adopted in connection with these regulatory actions that result
in increased risk-based capital requirements would apply only to
transactions that are consummated after the effective dates of such
final rules.(cont)
Timetable:
Credit Ratings ANPRM 05/25/94 (59 FR 27116) ANPRM Comment Period End
07/25/94
Recourse/Direct Credit Substitutes NPRM 05/25/94 (59 FR 27116) NPRM
Comment Period End 07/25/94
Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes NPRM
08/00/97
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ABSTRACT CONT: A second NPRM combining the
issues raised in the ANPRM on credit ratings, and the NPRM on recourse
and direct credit substitutes, is anticipated in August 1997.
Agency Contact: Robert F. Storch, Chief, Accounting Section, Division
of Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
Phone: 202 898-8906
RIN: 3064-AB31
[[Page 22650]]
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