[Federal Register: November 15, 2004 (Volume 69, Number 219)] [CORRECTIONS] [Page 65679] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr15no04-133] [[Page 65679]] DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket No. 04-22] FEDERAL RESERVE SYSTEM [Docket No. OP-1215] FEDERAL DEPOSIT INSURANCE CORPORATION DEPARTMENT OF THE TREASURY Office of Thrift Supervision [No. 2004-48] Internal Ratings-Based Systems for Retail Credit Risk for Regulatory Capital Correction In notice document 04-23771 beginning on page 62748 in the issue of Wednesday, October 27, 2004 make the following correction: On page 62774, after the heading Example 3b: Portfolio Growth and the Timing of Default Measurements, the table is corrected to read as set forth below. ---------------------------------------------------------------------------------------------------------------- Total portfolio accounts Accounts PD from start PD from end of Annual portfolio growth rate -------------------------------- defaulted by of year year portfolio Start of year End of year end of year portfolio ---------------------------------------------------------------------------------------------------------------- -5%............................. 1,000,000 950,000 20,000 2.0% 2.1% -10%............................ 1,000,000 900,000 20,000 2.0% 2.2% 5%.............................. 1,000,000 1,050,000 20,000 2.0% 1.9% 10%............................. 1,000,000 1,100,000 20,000 2.0% 1.8% ---------------------------------------------------------------------------------------------------------------- Note: It is assumed that all 20,000 defaults that occurred during the year were accounts that were part of the portfolio on January 1. The Other Retail risk weight curve was used for this example, and LGD is assumed to be 90% in all four cases. [FR Doc. C4-23771 Filed 11-12-04; 8:45 am] BILLING CODE 1505-01-D