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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

Proposed Treatment of Expected and Unexpected Losses Under the New Basel Capital Accord

The federal bank and thrift agencies on Thursday issued the attached statement regarding the Basel Committee on Banking Supervision's request for comment on a modification to its proposed international capital standards.

The modification deals with the treatment of expected and unexpected losses. The Basel Committee will accept comments from all interested parties until December 31, 2003.

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Media Contacts

Federal Reserve Dave Skidmore (202) 452-2955
OCC Kevin Mukri (202) 874-5770
FDIC David Barr (202) 898-6992
OTS Chris Smith (202) 906-6677
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