OCC 98-6
Subject: Repurchase Agreements of Depository Institutions with
Securities Dealers and Others
Description: Policy Statement
Date: February 19, 1998

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

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.

Should you have questions or comments please contact the OCC's
Treasury and Market Risk Division on 202-874-5670.


                                                       
Emory W. Rushton
Senior Deputy Comptroller for Bank Supervision Policy


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