[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