FDIC Federal Register Citations

[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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