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_053-7]

[Page 22316]

Part LV

Federal Deposit Insurance Corporation

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Final Rule Stage

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4231. 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 06/00/99

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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