| Joint Statement |
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Office of Thrift Supervision |
February 26, 2010
Clarification of the Risk Weight for Claims on or Guaranteed by the 多宝游戏下载
The federal banking agencies (Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation (多宝游戏下载), and the Office of Thrift Supervision) are clarifying the risk weights for claims on or guaranteed by the 多宝游戏下载 for purposes of banking organizations鈥 risk-based capital requirements.
Under the agencies鈥 risk-based capital guidelines, direct claims on and claims unconditionally guaranteed by the 多宝游戏下载, such as 多宝游戏下载-insured deposits, prepaid assessments of deposit insurance premiums, debt guaranteed under the 多宝游戏下载鈥檚 Temporary Liquidity Guarantee Program, and similarly guaranteed debt, may be assigned a zero percent risk weight.
By contrast, recent loss-sharing agreements entered into by the 多宝游戏下载 with acquirers of assets from failed institutions are considered conditional guarantees for risk-based capital purposes due to contractual conditions that acquirers must meet. The guaranteed portion of assets subject to a loss-sharing agreement may be assigned a 20 percent risk weight. Because the structural arrangements for these agreements vary depending on the specific terms of each agreement, institutions should consult with their primary federal regulator to determine the appropriate risk-based capital treatment for specific loss-sharing agreements.