United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1998_register executive 2010-09-24 article Rules and Regulations D09002ee1bdfeda03 D09002ee1bdfedb2d United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency The Office of the Comptroller of the Currency (OCC) is amending its regulation governing international lending. This amendment removes the lengthy discussion concerning the accounting for fees on international loans and instead states that the accounting for these fees is to conform to generally accepted accounting principles (GAAP). The amendment is intended to simplify the rule and eliminate unnecessary burden. 63 FR 57047 https://www.govinfo.gov/app/details/FR-1998-10-26/98-28593 98-28593 fr26oc98-3 RIN 1557-AB58 4810-33-P Docket No. 98-16 https://www.govinfo.gov/app/details/FR-1998-10-26/98-28593 https://www.govinfo.gov/content/pkg/FR-1998-10-26/html/98-28593.htm https://www.govinfo.gov/content/pkg/FR-1998-10-26/pdf/98-28593.pdf 2 p. 57047 57048 63 FR 57047 Title 12 Part 28 12 CFR Part 28 RIN 1557-AB58 International Banking Activities; Federal Register Vol. 63, Issue RULE 98-28593 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 1999-01-01 Docket No. 98-16 4810-33-P 98-28593 Final rule.

The Office of the Comptroller of the Currency (OCC) is amending its regulation governing international lending. This amendment removes the lengthy discussion concerning the accounting for fees on international loans and instead states that the accounting for these fees is to conform to generally accepted accounting principles (GAAP). The amendment is intended to simplify the rule and eliminate unnecessary burden.

This final rule is effective January 1, 1999. Tom Rees, Senior Accountant, Bank Supervision Policy, (202) 874-5180; Frank Carbone, Senior International Advisor, International Banking & Finance, (202) 874-4730; Raija Bettauer, Counselor for International Activities, (202) 874-0680; or Mark Tenhundfeld, Assistant Director, Legislative and Regulatory Activities, (202) 874-5090, Office of the Comptroller of the Currency, 250 E Street, S.W., Washington, DC 20219. Vol. 63, no. 206 Office of the Federal Register, National Archives and Records Administration 1998-10-26 continuing daily deposited born digital 199 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1998-10-26 P0b002ee180a7119d 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr26oc98 https://www.govinfo.gov/app/details/FR-1998-10-26 https://www.govinfo.gov/content/pkg/FR-1998-10-26/pdf/FR-1998-10-26.pdf fdlp 57045 57231 DGPO 2010-09-24 2023-05-06 FR-1998-10-26 machine generated eng FR FR-1998-10-26 63 206