[November 9, 1998 (Volume 63, Number 216)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua09no98_052-10]
[Page 62701]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Final Rule Stage
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4452. CAPITAL MAINTENANCE--COLLATERALIZED TRANSACTIONS
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; 12 USC 4808; PL
102-233; PL 102-242
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This rule was developed in consultation with the OCC, the
FRS, and the OTS (Agencies). It amends FDIC's risk-based capital
standards to make the standards uniform with the Agencies' treatments
for transactions supported by collateral. The effect of the proposal is
to allow banks to hold less capital for certain transactions
collateralized by cash or qualifying securities.
This action is the result of a CDRI section 303(a) review.
Timetable:
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Action Date FR Cite
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NPRM 08/16/96 61 FR 42565
NPRM Comment Period End 10/15/96
Final Action 01/00/99
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-AB78
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