|
Highlights:
The final rule:
-
Provides for an optional two-quarter implementation delay, followed by an
optional two-quarter partial implementation, of the effect on risk-weighted
assets that will result from changes to U.S. generally accepted accounting
principles from FAS 166 and FAS 167.
-
Provides for an optional two-quarter delay, followed by an optional two-quarter
phase-in, of the application of the agencies' regulatory limit on the inclusion
of the allowance for loan and lease losses (ALLL) in Tier 2 capital for the
portion of the ALLL associated with the assets a banking organization
consolidates as a result of FAS 167.
-
Eliminates the exclusion of certain consolidated asset-backed commercial paper
programs from risk-weighted assets.
-
Provides a reservation of authority to permit the agencies to require banking
organizations to treat entities that are not consolidated under accounting
standards as if they were consolidated for risk-based capital purposes,
commensurate with the risk relationship of the banking organization to the
structure.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested
Routing:
Chief Executive Officer
Chief Financial Officer
Chief Risk Officer
Related
Topics:
Risk-Based Capital Rules
12 CFR Part 325
Attachment:
Summary of Final Rule - PDF (PDF
Help)
Final Rule - PDF (PDF Help)
Contact:
James Weinberger, Senior Policy Analyst, at jweinberger@fdic.gov or (202) 898-7034
Robert Storch, Chief Accountant, at rstorch@fdic.gov or (202) 898-8906
Mark Handzlik, Senior Attorney, at mhandzlik@fdic.gov or (202) 898-3990
Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site
at www.fdic.gov/news/news/financial/2010/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained through the
FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226
(1-877-275-3342 or 703-562-2200).
|
