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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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[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

Last Updated 04/25/1997 regs@fdic.gov