FDIC Federal Register Citations

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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>>>>62235_01 See the accompanying hardcopy volume for non-

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