The three federal bank regulatory agencies and the Office of Thrift Supervision made it clear last week that they want any interest rate risk capital requirements to be designed so that smaller institutions are not unduly burdened and that the focus is on what is expected to be a relatively small number of banks and savings and loans whose investments pose a substantial risk to their capital positions.

About 20% of all FDIC-insured banks could have higher capital requirements under the new rules, the Fed estimated. The Federal Deposit Insurance Corporation Improvement Act requires that the interest rate risk rules be published in final form no later than June 19, 1993.

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