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TREAS/OCC | RIN: 1557-AD18 | Publication ID: Spring 2009 |
Title: ●Minimum Capital Ratios; Capital Adequacy Guidelines; Capital Maintenance; Capital: Treatment of Certain Claims on, or Guaranteed By, Fannie Mae and Freddie Mac | |
Abstract: The Treasury Department entered into senior preferred stock purchase agreements (the Agreement or Agreements) with Fannie Mae and Freddie Mac, which effectively provide protection to the holders of senior debt, subordinated debt, and mortgage-backed securities (MBS) issued or guaranteed by these entities. In light of the financial support provided under the Agreements, the OCC, FRB, FDIC, and OTS proposed to adopt a 10 percent risk weight for claims on, and the portion of claims guaranteed by, Fannie Mae or Freddie Mac. The 10 percent risk weight would apply so long as an Agreement remains in effect with the respective entity. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 3 | |
Legal Authority: 12 USC 93a 12 USC 161 12 USC 1818 12 USC 1828(n) 12 USC 1828 note 12 USC 1831n note 12 USC 1835 12 USC 3907 12 USC 3909 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Carl Kaminski Assistant Director, Bank Advisory Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-5869 Email: carl.kaminski@occ.treas.gov |