CAPITAL RULES: Proposal by the Basel Committee for Banking Supervision to update the 1988 international risk-based capital accords. Rather than basing capital requirements on the type of asset a bank holds, capital would be based on the riskiness of the bank's borrowers as determined by a rating agency such as Standard & Poor's. Published by the Basel Committee June 3. A copy is available on the Bank for International Settlements' Web site at www.bis.org. Comments due March 31, 2000.
CRA COMPLIANCE: The four federal bank and thrift agencies have recalculated the Community Reinvestment Act's reporting burden. New estimates range from less than 10 hours a year for banks under $250 million of assets that do not belong to a holding company up to 634 hours a year for holding companies with more than $1 billion of assets. The industry's total reporting burden is estimated at 1.25 million hours. The agencies are seeking comment on the accuracy of its new estimates. Published May 28 in the Federal Register. Comments due July 27.