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Joint Release Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision

For Immediate Release
January 27, 2005

Agencies Issue Statement on Implementation of Basel II Framework

The federal banking and thrift agencies today released an interagency statement on implementation of the Basel II framework and the qualification process for the framework's "advanced approaches." The interagency statement is attached.

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Media Contacts
Federal Reserve Andrew Williams (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Kevin Mukri (202) 874-5770
OTS Erin Hickman (202) 906-6677

Last Updated 01/27/2005 communications@fdic.gov