[Federal Register Volume 63, Number 176 (Friday, September 11, 1998)]
[Rules and Regulations]
[Page 48571]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24453]



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 Rules and Regulations
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  Federal Register / Vol. 63, No. 176 / Friday, September 11, 1998 / 
Rules and Regulations  

[[Page 48571]]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Part 3

[Docket No. 98-12]
RIN 1557-AB14

FEDERAL RESERVE SYSTEM

12 CFR Parts 208 and 225

[Regulations H and Y; Docket No. R-0982]

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 325

RIN 3064-AC11

DEPARTMENT OF THE TREASURY Office of Thrift Supervision

12 CFR Part 567

[Docket No. 98-75]
RIN 1550-AB11


Risk-Based Capital Standards: Unrealized Holding Gains on Certain 
Equity Securities; 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: Final rule; correction.

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SUMMARY: On September 1, 1998, the Agencies published a final rule to 
amend their respective risk-based capital standards for banks, bank 
holding companies, and thrifts (institutions) with regard to the 
regulatory capital treatment of unrealized holding gains on certain 
equity securities (63 FR 46517). This document corrects an error in the 
SUPPLEMENTARY INFORMATION section of the final rule.

DATES: This final rule is effective October 1, 1998. The Agencies will 
not object if an institution wishes to apply the provisions of this 
final rule beginning on September 1, 1998.

FOR FURTHER INFORMATION CONTACT: Jenetha M. Hickson, Alternate Liaison 
Officer, (202) 898-3807.

SUPPLEMENTARY INFORMATION: The Agencies' final rule, as published on 
September 1, 1998, at 63 FR 46518, contains an incomplete footnote. 
Accordingly, on page 46518, in the third column, footnote 2 is 
corrected to read as follows:

    2 Each Agency's risk-based capital standards contain 
more detailed descriptions of core and supplementary capital. See 12 
CFR Part 3, Appendix A, for national banks; 12 CFR Part 208, 
Appendix A, for state member banks; 12 CFR Part 225, Appendix A, for 
bank holding companies; 12 CFR Part 325, Appendix A, for state 
nonmember banks; and 12 CFR Part 567 for savings associations.

    Dated: September 3, 1998.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.

    By order of the Board of Governors of the Federal Reserve 
System, September 3, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.

    Dated: August 25, 1998.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.

    Dated: September 2, 1998.

    By the Office of Thrift Supervision.
Mary H. Gottlieb,
Federal Register Liaison Officer.
[FR Doc. 98-24453 Filed 9-10-98; 8:45am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P; 6720-01-P