Risk-Based Capital Requirements Transfer of Assets With Recourse
other · Treasury · Rule · Published 1995-08-31 · Effective 1995-08-31 · 60 FR 45618
Document
Document number
95-21564
Federal Register citation
60 FR 45618
CFR reference
12 CFR 567
Type
Rule
Action
Interim rule with request for comment.
Category
other
Sub-agency
Treasury
Publication date
1995-08-31
Effective date
1995-08-31
Treasury docket
No. 95-159
Abstract
The Office of Thrift Supervision (OTS) is amending its risk- based capital standards as required by sections 208 and 350 of the Riegle Community Development and Regulatory Improvement Act of 1994 (the Riegle Act). Section 208 of the Riegle Act is intended to facilitate the origination and sale of small business loans and leases of personal property by providing a more favorable risk-based capital treatment for transfers of such loans and leases with recourse. The OTS is amending 12 CFR Part 567 to permit qualifying institutions to elect to use this more favorable capital treatment. Because the OTS capital rules already incorporate the requirements of section 350 of the Riegle Act, the agency does not propose regulatory revisions implementing this provision.