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Joint Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
NR 2005-6
FOR IMMEDIATE RELEASE
January 27, 2005

Agencies Issue Statement on Implementation of Basel II Framework

The federal banking and thrift agencies today released an interagency statement on implementation of the Basel II framework and the qualification process for the framework’s “advanced approaches.” The interagency statement is attached.

Media Contacts:

Federal ReserveAndrew Williams(202) 452-2955
FDICDavid Barr(202) 898-6992
OCCKevin Mukri(202) 874-5770
OTSErin Hickman(202) 906-6677
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