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TREAS/OCC

RIN: 1557-AD13

Publication ID: Spring 2009

Title: Capital Adequacy Guidelines; Deduction of Goodwill Net of Associated Deferred Tax Liabilities
Abstract: The OCC, FRB, FDIC, and OTS have issued a final rule that permits a banking organization to reduce the amount of goodwill it must deduct from its regulatory tier 1 capital by the amount of any deferred tax liability associated with that goodwill. This change permits a bank to effectively reduce its regulatory capital deduction for goodwill to an amount equal to the maximum regulatory capital deduction that could occur as a result of the goodwill becoming completely impaired or derecognized.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 3
Legal Authority: 12 USC 93a 12 USC 161 12 USC 1818 12 USC 1828(n) 12 USC 1828 note 12 USC 1831n note 12 USC 1835 12 USC 3907 12 USC 3909

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	09/30/2008	73 FR 56756
NPRM Comment Period End	10/30/2008
Final Action	12/30/2008	73 FR 79602
Final Action Effective	12/30/2008

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Jean Campbell Counsel Department of the Treasury Comptroller of the Currency Legislative and Regulatory Activities Division, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6293 Email: jean.campbell@occ.treas.gov