FEDERAL RESERVE SYSTEM 12 CFR Part 225 [Regulation Y; Docket No. R-0948] Risk-Based Capital Standards: Construction Loans on Presold Residential Properties; Junior Liens on 1- to 4-Family Residential Properties; and Investments in Mutual Funds AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is amending its risk-based capital standards for bank holding companies. The intended effect of this final rule is to keep the Board=s bank holding company risk-based capital standards for construction loans on presold residential properties, real estate loans secured by junior liens on 1- to 4-family residential properties, and investments in mutual funds consistent with the risk-based capital standards for banks and thrifts. EFFECTIVE DATE: This final rule is effective April 1, 1999. The Federal Reserve will not object if an institution wishes to apply the provisions of this final rule beginning with the date it is published in the Federal Register. FOR FURTHER INFORMATION CONTACT: Norah Barger, Assistant Director (202/452-2402), Barbara Bouchard, Manager (202/452-3072), T. Kirk Odegard, Financial Analyst (202/530-6225), Division of Banking Supervision and Regulation; or Mark E. Van Der Weide, Attorney (202/452-2263), Legal Division. For the hearing impaired only, Telecommunication Device for the Deaf (TDD), Diane Jenkins (202/452-3544), Board of Governors of the Federal Reserve System, 20th and C Streets, N.W., Washington, DC 20551.

Regulation Y summary and final rule (26 KB PDF)

1999 Banking and consumer regulatory policy