Base
Rule98-285931998-10-26

International Banking Activities

Treasury Department, Comptroller of the Currency

Abstract

The Office of the Comptroller of the Currency (OCC) is amending its regulation governing international lending. This amendment removes the lengthy discussion concerning the accounting for fees on international loans and instead states that the accounting for these fees is to conform to generally accepted accounting principles (GAAP). The amendment is intended to simplify the rule and eliminate unnecessary burden.

Action & Dates

Action
Final rule.
Dates
This final rule is effective January 1, 1999.
Effective Date
1999-01-01

CFR References

Related Documents

Other Federal Register documents from the same docket.

Full Document

Citation: 63 FR 57047