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FDIC Federal Register Citations

[October 29, 1997 (Volume 62, Number 209)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 58405-58406]
 
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)        Proposed Rule Stage
_______________________________________________________________________
 
4278. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT 
SUBSTITUTES


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
CFR Citation:  12 CFR 325
Legal Deadline: None
Abstract: The FDIC, the FRS, the OCC, and the OTS (``Agencies'') are 
revising their risk-based capital standards to address the regulatory 
capital treatment of recourse arrangements and direct credit 
substitutes that expose banks, bank holding companies, and thrifts to 
credit risk. One portion of the NPRM addressing the risk-based capital 
treatment of low-level recourse transactions is required to be 
published as a separate final rule by CDRI.
In addition, the Agencies published, in an ANPRM, a preliminary 
proposal to use credit ratings to match the risk-based capital 
assessment more closely to an institution's relative risk of loss in 
certain asset securitizations. The Agencies are also seeking comment on 
the need for a similar system for unrated asset securitizations and on 
how such a system would be designed. The Agencies intend that any final 
rules adopted in connection with these regulatory actions that result 
in increased risk-based capital requirements would apply only to 
transactions that are consummated after the effective dates of such 
final rules.(cont)
Timetable:
Credit Ratings  ANPRM 05/25/94 (59 FR 27116)  ANPRM Comment Period End 
07/25/94
Recourse/Direct Credit Substitutes  NPRM 05/25/94 (59 FR 27116)  NPRM 
Comment Period End 07/25/94
Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes  NPRM 
12/00/97
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ABSTRACT CONT: A second NPRM combining the 
issues raised in the ANPRM on credit ratings, and the NPRM on recourse 
and direct credit substitutes, is anticipated in August 1997.
Agency Contact: Robert F. Storch, Chief, Accounting Section, Division 
of Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-8906
RIN: 3064-AB31
[[Page 58406]]
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Last Updated 10/29/1997 regs@fdic.gov

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