[April 26, 1999 (Volume 64, Number 77)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua26ap99_053-20]
[Page 22319]
Part LV
Federal Deposit Insurance Corporation
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions
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4244. CAPITAL MAINTENANCE--ELIMINATION OF INTERAGENCY DIFFERENCES
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 1835; 12 USC 3907; 12 USC 3909; 12 USC
4808; PL 102-242
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This rulemaking, jointly sponsored by the FDIC, the FRS, the
OCC, and the OTS, resolves differences among the agencies with regard
to the capital treatment of construction loans on presold residential
properties, real estate loans secured by junior liens on 1-4 family
residential properties, investments in mutual funds, and the minimum
Tier 1 leverage capital standard. This rule is the result of a CDRI
section 303(a) review.
Timetable:
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Action Date FR Cite
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NPRM 10/27/97 62 FR 55686
NPRM Comment Period End 12/26/97
Final Action 03/02/99 64 FR 10194
Final Action Effective 04/01/99
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
Phone: 202 898-8904
RIN: 3064-AB96
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