SUMMARY: The Office of Thrift Supervision (OTS) is amending its 
regulations to incorporate a number of technical and conforming 
amendments. The OTS is amending its capital rules to remove transition 
periods that are outdated, making technical revisions to final rules 
issued during December, 1996 pursuant to the regulatory reinvention 
initiative, and making other miscellaneous technical changes to 
existing regulations.

EFFECTIVE DATE: December 18, 1998.

FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, Senior Paralegal 
(Regulations), (202) 906-7135, or Karen A. Osterloh, Assistant Chief 
Counsel, (202) 906-6639, Regulations and Legislation Division, Chief 
Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552.

SUPPLEMENTARY INFORMATION:

Capital

    OTS is today adopting several technical amendments to its capital 
regulations to remove references to transition periods that have 
elapsed and to streamline its definitions relating to capital.

Regulatory Burden Reduction Regulations

    OTS is also making a number of technical corrections to its charter 
and bylaw, conversion, and subordinate organization regulations 
1 that were substantially revised during December, 1996, 
pursuant to the Regulatory Reinvention Initiative of the Vice 
President's National Performance Review and section 303 of the Riegle 
Community Development and Regulatory Improvement Act of 
1994.2
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    \1\ Corporate Governance, 61 FR 64007 (December 3, 1996). 
Subsidiaries and Equity Investments, 61 FR 66561 (December 18, 
1996).
    \2\ 12 U.S.C. 4803(a)(1).
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    In particular, Sec. 552.10, regarding the mailing of annual reports 
to stockholders, is being amended. Section 552.10 currently requires 
Federal stock associations that are not wholly-owned to send out annual reports to their shareholders within 90 days of the 
end of the association's fiscal year.
    OTS's regulation regarding Corporate Governance 3 
extended the time frame within which an association must hold its 
annual meeting from 120 days to 150 days after the close of its fiscal 
year. OTS inadvertently did not extend the time frame for mailing 
annual reports to stockholders.
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    \3\ 61 FR 64007 (December 3, 1996).
---------------------------------------------------------------------------

    Section 552.10 is, therefore, being amended to provide a 130-day 
mailing requirement for annual reports to enable federal savings 
associations that are subject to the Securities Exchange Act of 1934 to 
take advantage of the full time period permitted for delivery of an 
annual report under the SEC's Proxy Rules, 4 and to conform 
to the changes to the regulations under Corporate Governance. The 
extension to 130 days also ensures that the mailing requirement in 
section 552.10 is consistent with the OTS rule that a notice for an 
annual meeting be sent 20 to 50 days before the meeting.5
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    \4\ See 17 CFR 240.14a-3(b), which requires that proxy 
statements sent to shareholders must be accompanied or preceded by 
the annual report to shareholders.
    \5\ 12 CFR 552.6(b).
---------------------------------------------------------------------------

    In addition, section 545.71, which restates federal savings 
associations' statutory authority to invest in liquid assets, is being 
removed. The substance of the provision was added to the lending and 
investment powers chart found at 12 CFR 560.30 as part of the final 
rule on Subsidiaries and Equity Investments.

Miscellaneous

    Finally, OTS is making the following technical revisions:

--OTS's subordinated debt securities regulation is amended to remove 
references to the Resolution Trust Corporation.
--Erroneous cross-references are corrected throughout OTS's 
regulations.
--The definition of service corporation in Sec. 561.45 is revised to 
correct a cross-reference to OTS's subordinate organizations 
regulations.
--Part 506 is amended to include language mandated by the Paperwork 
Reduction Act of 1995, 44 U.S.C. 3501 et seq., and to update the 
display table of OMB control numbers.

Administrative Procedure Act; Riegle Community Development and 
Regulatory Improvement Act of 1994

    The OTS has found good cause to dispense with both prior notice and 
comment on this final rule and a 30-day delay of its effective date 
mandated by the Administrative Procedure Act.6 OTS believes 
that it is contrary to public interest to delay the effective date of 
the rule, as it eliminates provisions that have caused confusion. 
Because the amendments in the rule are not substantive, they will not 
detrimentally affect savings associations by becoming effective 
immediately.
---------------------------------------------------------------------------

    \6\ 5 U.S.C. 553.
---------------------------------------------------------------------------

    In addition, this document is exempt from the requirement found in 
section 302 of the Riegle Community Development and Regulatory 
Improvement Act of 1994 7 that regulations must not take 
effect before the first day of the quarter following publication, as it 
imposes no new requirements.
---------------------------------------------------------------------------

    \7\ Pub. L. 103-325, 12 U.S.C. 4802.
---------------------------------------------------------------------------

Regulatory Flexibility Act

    Pursuant to section 605(b) of the Regulatory Flexibility Act, 
8 it is certified that this technical corrections regulation 
will not have a significant economic impact on a substantial number of 
small entities.
---------------------------------------------------------------------------

    \8\  Pub. L. 96-354, 5 U.S.C. 601.
---------------------------------------------------------------------------

Executive Order 12866

    OTS has determined that this rule is not a ``significant regulatory 
action'' for purposes of Executive Order 12866.

Unfunded Mandates Reform Act of 1995

    OTS has determined that the requirements of this final rule will 
not result in expenditures by State, local, and tribal governments, or 
by the private sector, of $100 million or more in any one year. 
Accordingly, a budgetary impact statement is not required under section 
202 of the Unfunded Mandates Reform Act of 1995.

List of Subjects

12 CFR Part 506

    Reporting and recordkeeping requirements.

12 CFR Part 544

    Reporting and recordkeeping requirements, Savings associations.

12 CFR Part 545

    Accounting, Consumer protection, Credit, Electronic funds 
transfers, Investments, Reporting and recordkeeping requirements, 
Savings associations.

12 CFR Part 552

    Reporting and recordkeeping requirements, Savings associations, 
Securities.

12 CFR Part 559

    Savings associations, Subsidiaries.

12 CFR Part 560

    Consumer protection, Investments, Manufactured homes, Mortgages, 
Reporting and recordkeeping requirements, Savings associations, 
Securities.

12 CFR Part 561

    Savings associations.

12 CFR Part 563

    Accounting, Advertising, Crime, Currency, Investments, Reporting 
and recordkeeping requirements, Savings associations, Securities, 
Surety bonds.

12 CFR Part 565

    Administrative practice and procedure, Capital, Savings 
associations.

12 CFR Part 567

    Capital, Savings associations.

12 CFR Part 575

    Administrative practice and procedure, Capital, Holding companies, 
Reporting and recordkeeping requirements, Savings associations, 
Securities.

    Accordingly, the Office of Thrift Supervision hereby amends title 
12, chapter V, of the Code of Federal Regulations as set forth below:

PART 506--INFORMATION COLLECTION REQUIREMENTS UNDER THE PAPERWORK 
REDUCTION ACT

    1. The authority citation for part 506 continues to read as 
follows:

    Authority: 44 U.S.C. 3501 et seq.

    2. Section 506.1 is amended:
    a. In paragraph (a) by adding a sentence at the end of the 
paragraph;
    b. In paragraph (b) by adding two entries to the table in numerical 
order, and revising the entry for Part 575.
    The additions and revisions read as follows:


Sec. 506.1  OMB control numbers assigned pursuant to the Paperwork 
Reduction Act.

    (a) * * * Respondents/recordkeepers are not required to comply with 
any collection of information unless it displays a currently valid OMB 
control number.
    (b) * * * ------------------------------------------------------------------------
                                                          Current OMB   
12 CFR part or section where identified and described     control No.   
------------------------------------------------------------------------
                                                                        
                  *        *        *        *        *                 
Part 516.............................................   1550-0005, 1550-
                                                         0006, 1550-0016
                                                                        
                  *        *        *        *        *                 
550.3................................................          1550-0037
                                                                        
                  *        *        *        *        *                 
Part 575.............................................          1550-0072
                                                                        
                  *        *        *        *        *                 
------------------------------------------------------------------------

PART 544--CHARTER AND BYLAWS

    3. The authority for part 544 continues to read as follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 2901 et 
seq.

Sec. 544.5  [Amended]

    4. Section 544.5 is amended, in paragraph (a), by removing the word 
``shall'' from the last sentence, and by adding in lieu thereof the 
word ``may''.

PART 545--OPERATIONS

    5. The authority citation for part 545 continues to read as 
follows:

    Authority: 12 U.S.C. 1462a, 1463, 1464, 1828.


Sec. 545.71  [Removed]

    6. Section 545.71 is removed.

PART 552--INCORPORATION, ORGANIZATION, AND CONVERSION OF FEDERAL 
STOCK ASSOCIATIONS

    7. The authority citation for part 552 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a.


Sec. 552.4  [Amended]

    8. Section 552.4 is amended in paragraph (b)(4), Section 5 of the 
charter, by removing the word ``section'', and by adding in lieu 
thereof the word ``Section'', where it appears in:
    a. The second sentence of the first paragraph;
    b. The first sentence of the third paragraph;
    c. The first sentence of paragraph (iii); and
    d. The first sentence of paragraph A.


Sec. 552.6-1  [Amended]

    9. Section 552.6-1 is amended by removing, in the last sentence of 
paragraph (c), the word ``such'', and by adding in lieu thereof the 
word ``regular''.


Sec. 552.10  [Amended]

    10. Section 552.10 is amended by removing the word ``ninety'' in 
the first sentence, and by adding in lieu thereof the number ``130''.

PART 559--SUBORDINATE ORGANIZATIONS

    11. The authority citation for part 559 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1828.

Sec. 559.3  [Amended]

    12. Section 559.3(g)(2) is amended by removing the phrase 
``entities be aggregated'', and by adding in lieu thereof the phrase 
``entities must be aggregated''.

PART 560--LENDING AND INVESTMENT

    13. The authority citation for part 560 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1701j-3, 
1828, 3803, 3806; 42 U.S.C. 4106.

    14. Section 560.93 is amended by removing and reserving paragraph 
(b)(6), and revising paragraph (d)(3)(ii) to read as follows:


Sec. 560.93  Lending limitations.

* * * * *
    (d) * * *
    (3) * * *
    (ii) The savings association is, and continues to be, in compliance 
with its capital requirements under part 567 of this chapter;
* * * * *


Sec. 560.100  [Amended]

    15. Section 560.100 is amended by removing the phrase ``12 CFR 
567.1(l)'', and by adding in lieu thereof the phrase ``12 CFR 567.1''.

PART 561--DEFINITIONS

    16. The authority citation for part 561 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a.


Sec. 561.45  [Amended]

    17. Section 561.45 is amended by removing the phrase ``Sec. 545.74 
of this chapter'', and by adding in lieu thereof the phrase ``part 559 
of this chapter''.

PART 563--OPERATIONS

    18. The authority citation for part 563 continues to read as 
follows:

    Authority: 12 U.S.C. 375b, 1462, 1462a, 1463, 1464, 1467a, 1468, 
1817, 1820, 1828, 3806; 42 U.S.C. 4106.


Sec. 563.41  [Amended]

    19. Section 563.41(b)(11) is amended by removing the phrase 
``Sec. 563.93(b)(11) of this part'', and by adding in lieu thereof the 
phrase ``Sec. 560.93(b)(11) of this chapter''.
    20. Section 563.81 is amended by revising paragraphs (A) and (B) of 
the certificate statement contained in paragraph (d)(1)(vi), and by 
removing the phrase ``or RTC'' where it appears in paragraph (d)(3), to 
read as follows:


Sec. 563.81  Issuance of subordinated debt securities and mandatorily 
redeemable preferred stock.

* * * * *
    (d) * * *
    (1) * * *
    (vi) * * *

    * * * (A) if the FDIC shall be appointed receiver for the issuer 
of this certificate (the ``issuer'') and in its capacity as such 
shall cause the issuer to merge with or into another financial 
institution, or in such capacity shall sell or otherwise convey part 
or all of the assets of the issuer to another financial institution 
or shall arrange for the assumption of less than all of the 
liabilities of the issuer by one or more other financial 
institutions, the FDIC shall have no obligation, either in its 
capacity as receiver or in its corporate capacity, to contract for 
or to otherwise arrange for the assumption of the obligation 
represented by this certificate in whole or in part by any financial 
institution or institutions which results from any such merger or 
which has purchased or otherwise acquired from the FDIC as receiver 
for the issuer, any of the assets of the issuer, or which, pursuant 
to any arrangement with the FDIC, has assumed less than all of the 
liabilities of the issuer. To the extent that obligations 
represented by this certificate have not been assumed in full by a 
financial institution with or into which the issuer may have been 
merged, as described in this paragraph (A), and/or by one or more 
financial institutions which have succeeded to all or a portion of 
the assets of the issuer, or which have assumed a portion but not 
all of the liabilities of the issuer as a result of one or more 
transactions entered into by the FDIC as receiver for the issuer, 
then the holder of this certificate shall be entitled to payments on 
this obligation in accordance with the procedures and priorities set 
forth in any applicable receivership regulations or in orders of the 
FDIC relating to such receivership.
    (B) In the event that the obligation represented by this 
certificate is assumed in full by another financial institution, 
which shall succeed by merger or otherwise to substantially all of 
the assets and the business of the issuer, or which shall by 
arrangement with the FDIC assume all or portion of the liabilities 
of the issuer, and payment or provision for payment shall have been 
made in respect of all matured installments of interests upon the 
certificates together with all matured installments of principal on 
such certificates which shall have become due otherwise than by acceleration, then any default caused by the appointment of a 
receiver for the issuer shall be deemed to have been cured, and any 
declaration consequent upon such default declaring the principal and 
interest on the certificate to be immediately due and payable shall 
be deemed to have been rescinded.
* * * * *
    21. Section 563.134 is amended by:
    a. Revising paragraph (a)(3); and
    b. By removing, in paragraphs (a)(7), (a)(8), and (a)(9), the 
phrase ``fully phased-in capital requirement'', and by adding in lieu 
thereof the phrase ``capital requirement'.
    The revisions read as follows:


Sec. 563.134  Capital distributions.

    (a) * * *
    (3) Capital requirement means an association's capital requirement 
under part 567 of this chapter.
* * * * *

PART 565--PROMPT CORRECTIVE ACTION

    22. The authority citation for part 565 continues to read as 
follows:

    Authority: 12 U.S.C. 1831o.


Sec. 565.2  [Amended]

    23. Section 565.2 is amended, in paragraph (f), by removing the 
phrase ``Sec. 567.1(m)'', and by adding in lieu thereof the phrase 
``Sec. 567.1''.

PART 567--CAPITAL

    24. The authority citation for part 567 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1828 
(note).

    25. Section 567.1 is amended by:
    a. removing paragraph (ll) and the alphabetic paragraph 
designations for the remaining definitions, and placing the definitions 
in alphabetical order;
    b. in the definition of adjusted total assets, removing paragraph 
(2)(ii), adding the word ``and'' at the end of paragraph (2)(i), 
redesignating paragraph (2)(iii) as paragraph (2)(ii) and revising it, 
and revising paragraphs (1), (3)(i), and (3)(iii);
    c. in the definition of equity investments, redesignating paragraph 
(2) introductory text and paragraphs (2)(i) through (2)(vii) as 
paragraph (2)(i) introductory text and paragraphs (2)(i)(A) through 
(2)(i)(G), respectively, designating the concluding text of paragraph 
(2) as paragraph (2)(ii) and revising it, and adding a colon at the end 
of newly redesignated paragraph (2)(i) introductory text;
    d. in the definition of Qualifying multifamily mortgage loan, 
revising paragraph (3) and paragraph (4) introductory text;
    e. in the definition of Qualifying residential construction loan, 
revising paragraph (2); and
    f. in the definition of Qualifying supervisory goodwill, revising 
paragraphs (2)(i), (2)(ii)(A), (2)(ii)(B), and (2)(ii)(C) introductory 
text.
    The revisions read as follows:


Sec. 567.1  Definitions.

* * * * *
    Adjusted total assets. * * *
* * * * *
    (1) A savings association's total assets as that term is defined in 
this section;
* * * * *
    (2) * * * 
    (ii) The remaining goodwill (FSLIC Capital Contributions) resulting 
from prior regulatory accounting practices as provided in the 
definition of qualifying supervisory goodwill in this section;
    (3) * * * 
    (i) Assets not included in the applicable capital standard except 
for those subject to paragraphs (3)(ii) and (3)(iii) of this 
definition; * * * 
    (iii) Investments in any subsidiary subject to consolidation under 
paragraph (2)(ii) of this definition; and
* * * * *
    Equity investments. * * * 
* * * * *
    (2) * * * 
    (ii) The term equity securities does not include investments in a 
subsidiary as that term is defined in this section, equity investments 
that are permissible for national banks, ownership interests in pools 
of assets that are risk-weighted in accordance with 
Sec. 567.6(a)(1)(vi) of this part, or the stock of Federal Home Loan 
Banks or Federal Reserve Banks.
* * * * *
    Qualifying multifamily mortgage loan. * * * 
* * * * *
    (3) For purposes of paragraphs (1) (vi) and (vii) of this 
definition, the term value of the property means, at origination of a 
loan to purchase a multifamily property: the lower of the purchase 
price or the amount of the initial appraisal, or if appropriate, the 
initial evaluation. In cases not involving purchase of a multifamily 
loan, the value of the property is determined by the most current 
appraisal, or if appropriate, the most current evaluation.
    (4) In cases where a borrower refinances a loan on an existing 
property, as an alternative to paragraphs (1)(iii), (vi), and (vii) of 
this definition:
* * * * *
    Qualifying residential construction loan. * * * 
* * * * *
    (2) The documentation for each loan and home sale must be 
sufficient to demonstrate compliance with the criteria in paragraph (1) 
of this definition. The OTS retains the discretion to determine that 
any loans not meeting sound lending principles must be placed in a 
higher risk-weight category. The OTS also reserves the discretion to 
modify these criteria on a case-by-case basis provided that any such 
modifications are not inconsistent with the safety and soundness 
objectives of this definition.
    Qualifying supervisory goodwill. * * * 
* * * * *
    (2) * * * 
    (i) Supervisory goodwill as defined in this section that is 
included in goodwill that is reflected in the current reporting period 
under generally accepted accounting principles (``GAAP''); or
    (ii)(A) Supervisory goodwill as defined in this section that is 
included in goodwill that is reflected in the current reporting period 
under GAAP;
    (B) Plus any amortization of the goodwill in paragraph (2)(ii)(A) 
of this definition that occurred subsequent to April 12, 1989 for GAAP 
reporting purposes;
    (C) Minus the amortization of the goodwill in paragraph (2)(ii)(A) 
of this definition through the current reporting period that results 
when the goodwill is amortized subsequent to April 12, 1989 on a 
straightline basis over the shorter of--
* * * * *


Sec. 567.2  [Amended]

    26. Section 567.2 is amended by removing and reserving paragraph 
(b).
    27. Section 567.5 is amended by:
    a. revising paragraphs (a)(1)(v), (a)(2)(i), (a)(2)(v), and (c);
    b. in paragraph (a)(2)(vi), removing the word ``subsidi.ary'', and 
by adding in lieu thereof the word ``subsidiary'', and removing the 
phrase ``Sec. 567.1(l)'', and by adding in lieu thereof the phrase 
``Sec. 567.1''; and
    c. in paragraph (b)(4), removing the last two sentences.
    The revisions read as follows:


Sec. 567.5  Components of capital.

    (a) * * *  (1) * * * 
    (v) The remaining goodwill (FSLIC Capital Contributions) resulting 
from prior regulatory accounting practices as provided in paragraph (1) 
of the definition for qualifying supervisory goodwill in Sec. 567.1 of 
this part.
    (2) Deductions from core capital. (i) Intangible assets, as defined 
in Sec. 567.1 of this part, are deducted from assets and capital in 
computing core capital, except as otherwise provided by Sec. 567.12 of this part.
* * * * *
    (v) If a savings association has any investments (both debt and 
equity) in one or more subsidiaries engaged as of April 12, 1989 and 
continuing to be engaged in any activity that would not fall within the 
scope of activities in which includable subsidiaries may engage, it 
must deduct such investments from assets and, thus, core capital in 
accordance with this paragraph (a)(2)(v). The savings association must 
first deduct from assets and, thus, core capital the amount by which 
any investments in such subsidiary(ies) exceed the amount of such 
investments held by the savings association as of April 12, 1989. Next 
the savings association must deduct from assets and, thus, core capital 
the lesser of:
    (A) The savings association's investments in and extensions of 
credit to the subsidiary as of April 12, 1989; or
    (B) The savings association's investments in and extensions of 
credit to the subsidiary on the date as of which the savings 
association's capital is being determined.
* * * * *
    (c) Total capital. (1) A savings association's total capital equals 
the sum of its core capital and supplementary capital (to the extent 
that such supplementary capital does not exceed 100% of its core 
capital).
    (2) The following assets, in addition to assets required to be 
deducted elsewhere in calculating core capital, are deducted from 
assets for purposes of determining total capital:
    (i) Reciprocal holdings of depository institution capital 
instruments;
    (ii) All equity investments; and
    (iii) That portion of land loans and nonresidential construction 
loans in excess of 80 percent loan-to-value ratio.
    (3) For the purposes of any risk-based capital requirement under 
this part, a savings association's total capital equals the amount 
calculated pursuant to paragraphs (c)(1) and (c)(2) of this section, 
minus the amount of its IRR component as calculated pursuant to 
Sec. 567.7 of this part.
    28. Section 567.6 is amended by revising paragraph (a)(1)(iii)(D) 
to read as follows:


Sec. 567.6  Risk-based capital credit risk-weight categories.

    (a) * * * 
    (1) * * * 
    (iii) * * * 
    (D) Qualifying residential construction loans as defined in 
Sec. 567.1 of this part.
* * * * *
    29. Section 567.9 is amended by:
    a. in paragraph (c)(1), removing the phrase ``Sec. 567.1(m)'', and 
by adding in lieu thereof the phrase ``Sec. 567.1'';
    b. revising paragraph (c)(3); and
    c. in paragraph (c)(4), removing the phrase ``Sec. 567.1(1)'', and 
by adding in lieu thereof the phrase ``Sec. 567.1''.
    The revisions read as follows:


Sec. 567.9  Tangible capital requirement.

* * * * *
    (c) * * * 
    (3) If a savings association has any investments (both debt and 
equity) in one or more subsidiary(ies) engaged as of April 12, 1989 and 
continuing to be engaged in any activity that would not fall within the 
scope of activities in which includable subsidiaries may engage, it 
must deduct such investments from assets and, thus, tangible capital in 
accordance with this paragraph (c)(3). The savings association must 
first deduct from assets and, thus, capital the amount by which any 
investments in such a subsidiary(ies) exceed the amount of such 
investments held by the savings association as of April 12, 1989. Next, 
the savings association must deduct from assets and, thus, tangible 
capital the lesser of:
    (i) The savings association's investments in and extensions of 
credit to the subsidiary as of April 12, 1989; or
    (ii) The savings association's investments in and extensions of 
credit to the subsidiary on the date as of which the savings 
association's capital is being determined.
* * * * *
    30. Section 567.12 is amended by revising paragraph (a) and the 
last sentence of paragraph (b) to read as follows:


Sec. 567.12  Qualifying intangible assets and mortgage servicing 
rights.

    (a) Scope. This section prescribes the maximum amount of qualifying 
intangible assets, as defined in Sec. 567.1 of this part, and mortgage 
servicing rights that savings associations may include in calculating 
tangible and core capital.
    (b) * * * Intangible assets, as defined in Sec. 567.1 of this part, 
other than purchased credit card relationships and core deposit 
intangibles grandfathered by paragraph (g)(3) of this section, must be 
deducted in computing tangible and core capital.
* * * * *

PART 575--MUTUAL HOLDING COMPANIES

    31. The authority citation for part 575 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1828, 2901.

Sec. 575.9  [Amended]

    32. Section 575.9 is amended, in the last sentence of paragraph 
(a)(4), by removing the phrase ``remaining paragraphs of section 11'', 
and by adding in lieu thereof the phrase ``remaining paragraphs of 
section 12''.

    Dated: December 11, 1997.

    By the Office of Thrift Supervision.
Ellen Seidman,
Director.
[FR Doc. 97-32829 Filed 12-17-97; 8:45 am]
BILLING CODE 6720-01-P