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FDIC | RIN: 3064-AD34 | Publication ID: Fall 2010 |
Title: Minimum Capital Ratios; Capital Adequacy Guidelines; Capital Maintenance; Capital: Treatment of Certain Claims On, or Guaranteed By, Fannie Mae and Freddie Mac | |
Abstract: On September 7, 2008, the U.S. Department of Treasury (Treasury) entered into senior preferred stock purchase agreements (together, the Agreements, singularly an Agreement) with the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (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 Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), and Office of Thrift Supervision (OTS) (collectively, the Agencies) are proposing to adopt a 10 percent risk weight for claims on, and 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: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 325 app A | |
Legal Authority: 12 USC 1815(a) 12 USC 1815(b) 12 USC 1816 12 USC 1818(a) ... |
Legal Deadline:
None |
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Timetable:
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Additional Information: E-mail comments to: Comments@FDIC.gov - Include RIN # 3064-AD34 on the subject line of message. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: http://www.fdic.gov/regulations/laws/federal/2008/08notice27Oct.pdf | Public Comment URL: http://www.fdic.gov/regulations/laws/federal/2008/08comAD34.html |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: TREAS/OCC, FRS, TREAS/OTS; | |
Agency Contact: Bobby R. Bean Associate Director Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6705 Email: bbean@fdic.gov Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov |