MARKET RISK: The Fed approved a rule Wednesday requiring banks with large securities and foreign exchange portfolios to use an internal model to calculate the amount of capital they must hold against swings in the market. The FDIC and OCC are expected to approve the rule next week. Expected to be published shortly. Effective Jan. 1, 1998.
FHLB DIRECTORS: The Federal Housing Finance Board authorized the 12 Home Loan banks to set the salaries of their directors. Expected to be published shortly. Effective Jan. 1.