Joint Press Release

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

Banking Agencies Reach Agreement on Basel II Implementation

Statement from Federal Reserve Board Governor Randall S. Kroszner:

We are working diligently to ensure that Basel II implementation in the United States is largely consistent with international approaches. Our forward momentum in developing a final Basel II rule will promote continued improvements in banks’ risk-management practices and maintain capital levels in the U.S. banking system that are appropriate and risk sensitive.