View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
Parent RIN:   1557-AB14
TREAS/OCC RIN: 1557-AC42 Publication ID: Fall 2000 
Title: Recourse: Recourse and Direct Credit Substitutes 
Abstract: As part of the OCC's ongoing efforts to develop and refine capital standards to ensure the safety and soundness of the national banking system and to implement statutory requirements, the OCC is amending various provisions of the capital rules for national banks. Specifically, these changes include: (1) collateralized transactions; (2) recourse arrangements and direct credit substitutes; (3) claims on securities firms; (4) bifurcated capital for complex and noncomplex banks; and (5) residual interests. The OCC is conducting all of these rulemakings jointly with the other Federal banking agencies. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 3   
Legal Authority: 12 USC 93a    12 USC 161    12 USC 1828 note    12 USC 1828(n)    12 USC 1831n note    12 USC 1835    12 USC 3907    12 USC 3909   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM/NPRM  05/25/1994  59 FR 27116   
NPRM  11/05/1997  62 FR 59944   
NPRM  03/08/2000  65 FR 12320   
NPRM Comment Period End  06/07/2000    
Final Rule  12/00/2000    
Additional Information: ADDITIONAL AGENCY CONTACT: Amrit Sekhon, Risk Specialist, Capital Policy Division, (202) 874-5211, FAX (202) 874-5417, 250 E Street SW, Washington, DC 20219.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact: