Circular
Banking Agencies Reach Agreement on Basel II Implementation
July 20, 2007
Circular No. 11882

The Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation have reached an agreement regarding the implementation of Basel II in the United States.

The agreement resolves major outstanding issues and will now lead to finalization of a rule implementing the advanced approaches for computing large banks' risk-based capital requirements.

See the Board's press release for full details.

Press release PDF