Risk-Based Capital Standards; Recourse and Direct Credit Substitutes; Correction; Proposed Rule/Office of the Comptroll
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
12 CFR Part 3
[Docket No. 97-22]
RIN 1557-AB14
FEDERAL RESERVE SYSTEM
12 CFR Parts 208 and 225
[Regulations H and Y; Docket No. R-0985]
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 325
RIN 3064-AB31
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Part 567
[Docket No. 97-86]
RIN 1550-AB11
Risk-Based Capital Standards; Recourse and Direct Credit
Substitutes; Correction
AGENCIES: Office of the Comptroller of the Currency, Treasury; Board of
Governors of the Federal Reserve System; Federal Deposit Insurance
Corporation; and Office of Thrift Supervision, Treasury.
ACTION: Joint notice of proposed rulemaking; correction.
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SUMMARY: The Office of the Comptroller of the Currency, the Board of
Governors of the Federal Reserve System, the Federal Deposit Insurance
Corporation, and the Office of Thrift Supervision (collectively, the
agencies) are issuing a correction to its joint notice of proposed
rulemaking published on November 5, 1997 to clarify three of the tables
contained in the preamble to the rule. The proposed rule would revise
the agencies' risk-based capital standards to address recourse and
direct credit substitutes.
FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, Office of Thrift
Supervision, (202) 906-7135; or any of the persons listed in the joint
notice of proposed rulemaking.
SUPPLEMENTARY INFORMATION: On November 5, 1997, the agencies published
a joint notice of proposed rulemaking concerning recourse and direct
credit substitutes. 62 FR 59944 (November 5, 1997). It has been
determined that three of the tables appearing in the preamble at 62 FR
59958-59959 are in need of clarification. These tables, entitled
``Residential Mortgage-Backed Securities,'' ``Asset-Backed
Securities,'' and ``Commercial Mortgage-Backed Securities,'' are being
reprinted in their entirety at the end of this correction document.
Dated: November 10, 1997.
Jessie Gates,
Federal Register Liaison, Office of the Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, November 10, 1997.
Barbara R. Lowrey,
Associate Secretary of the Board.
Dated at Washington, D.C., this 12th day of November, 1997.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
Dated: November 7, 1997.
By the Office of Thrift Supervision.
Mary H. Gottlieb,
Federal Register Liaison Officer.
The corrected tables follow:
BILLING CODE 4810-33-P, 6210-01-P, 6714-01-P, 6720-01-P
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machine-readable data that appears at this point. <<<<
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>>>>62236_01 See the accompanying hardcopy volume for non-
machine-readable data that appears at this point. <<<<
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>>>>62237_01 See the accompanying hardcopy volume for non-
machine-readable data that appears at this point. <<<<
[FR Doc. 97-30544 Filed 11-19-97; 8:45 am]
BILLING CODE 4810-33-C, 6210-01-C, 6714-01-C, 6720-01-C
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The Contents entry for this article reads as follows:
Risk-based capital:
Recourse and direct credit substitutes
Correction, 62234
FRviaNewsEDGE
:PAGE: 62234
Copyright (c) 1997 Counterpoint Publishing
Received by NewsEDGE/LAN: 11/21/97 12:37 AM
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