OCC 95-16

Subject:  Appraisals: Affordable Housing          Description:  Interagency Policy
          Loans and Market Value                      Statement; Press Release

TO:  Chief Executive Officers of all National Banks, Department
     and Division Heads, and all Examining Personnel


Attached for your information are a press release and an
interagency statement clarifying the position of the Office of
the Comptroller of the Currency and the other federal financial
regulatory agencies on the use of appraisals for affordable
housing loans.

For further information: contact the Office of the Chief National
Bank Examiner, Credit and Management Policy Division, (202) 874-5170.




Jimmy F. Barton
Chief National Bank Examiner




Attachments (Attachment Unavailable Electronically)
Date:     March 16, 1995