Statement of Policy on Risk-Based Capital: Multifamily Housing Loans

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This final rule implements section 618(b) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991 (RTCRRIA) and amends the FDIC's risk-based capital guidelines to assign a 50 percent risk weight to loans secured by multifamily residential properties (multifamily housing loans) that meet certain prudential criteria and to any securities collateralized by such loans. At present, such loans are assigned to the 100 percent risk weight category. This amendment also satisfies a requirement contained in section 305 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) concerning the application of the FDIC's risk- based capital guidelines to multifamily housing loans. The final rule also addresses the section 618(b) requirement that the FDIC's risk- based capital guidelines take into account loss sharing arrangements in connection with sales of multifamily housing loans. The final rule is intended to facilitate prudent lending for multifamily housing purposes.