Minimum Capital Ratios; Capital Adequacy Guidelines; Capital Maintenance; Capital: Treatment of Certain Claims on, or Guaranteed by, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac)

Document ID: OCC-2008-0016-0001
Document Type: Proposed Rule
Agency: Comptroller Of The Currency
Topics: No Topics associated with this document
Federal Register Number: E8-25555
CFR Citation: 12 CFR 3
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Details Information

Abstract:	On September 7, 2008, the U.S. Department of Treasury (Treasury) entered into senior preferred stock purchase agreements (the Agreement or Agreements) 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 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.
Document Subtype:	NPRM
Received Date:	October 27 2008, at 07:13 AM Eastern Daylight Time
Start-End Page:	63656 - 63662
Comment Start Date:	October 27 2008, at 12:00 AM Eastern Standard Time
Comment Due Date:	November 26 2008, at 11:59 PM Eastern Standard Time