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.
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,
Dated: November 7, 1997.
By the Office of Thrift Supervision.
Mary H. Gottlieb,
Federal Register Liaison Officer.