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OCC BULLETIN 1998-6
To: Chief Executive Officers of All National Banks, Department and Division Heads, and all Examining Personnel

Description: Policy Statement

The guidance attached to this bulletin continues to apply to federal savings associations.

The Federal Financial Institutions Examination Council (FFIEC) has modified its policy statement on repurchase agreements of depository institutions with securities dealers and others. The policy statement provides guidance to insured depository institutions about entering into repurchase agreements in a safe and sound manner. This document also replaces the prior policy statement, OCC Banking Circular 210, Repurchase Agreements of Depository Institutions with Securities Dealers and Others, dated October 31, 1985.

For more information, contact Credit and Market Risk Division (202) 649-6360.

Emory W. Rushton
Senior Deputy Comptroller for Bank Supervision Policy

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