OCC 98-51
Subject: Allocated Transfer Risk Reserves
Description: Final Rule
Date: November 2, 1998

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

The attached final rule on allocated transfer risk reserves was
published in the Federal Register on October 26, 1998.  The rule
is effective January 1, 1999.

The final rule simplifies the accounting treatment for fees
earned on international loans.  It replaces the detailed
discussion of how to account for these fees with a provision
stating that the accounting should conform to generally accepted
accounting principles.

For more information, contact Tom Rees, senior accountant, Bank
Supervision Policy, at (202) 874-5180, or Mark Tenhundfeld,
assistant director, Legislative and Regulatory Activities, at
(202) 874-5090.  


_____________________________________
Raymond Natter
Acting Chief Counsel

Attachment   63 FR 57407