View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
FDIC RIN: 3064-AD32 Publication ID: Fall 2008 
Title: ●Minimum Capital Ratios; Capital Adequacy Guidelines; Capital Maintenance; Capital: Deduction of Goodwill Net of Associated Deferred Tax Liability 
Abstract: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS) (collectively, the Agencies) are proposing to permit banks, bank holding companies, and savings associations (collectively, banking organizations) to reduce the amount of goodwill that a banking organization must deduct from tier 1 capital by the amount of any deferred tax liability associated with that goodwill. The proposed change would effectively reduce the amount of goodwill that a banking organization must deduct from tier 1 capital and would reflect a banking organization’s maximum exposure to loss in the event that such goodwill is impaired or derecognized for financial reporting purposes. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 325.5   
Legal Authority: 12 USC 1828   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/30/2008  73 FR 56756   
NPRM Comment Period End  10/30/2008    
Final Rule  To Be Determined    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OTS, TREAS/OCC; 
Agency Contact:
Michael Phillips
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3581
Email: mphillips@fdic.gov