Joint Release
Securities and Exchange Commission
Federal Deposit Insurance Corporation
Federal Reserve Board
Office of the Comptroller of the Currency
Office of Thrift Supervision







Washington, D.C.
November 24, 1998


                       JOINT PRESS RELEASE


The Securities and Exchange Commission, Federal Deposit Insurance Corporation,
Federal Reserve Board, Office of the Comptroller of the Currency and Office of
Thrift Supervision have jointly issued the attached statement on the allowance for
loan losses of depository institutions.


Attachment