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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Financial Institution Letters

FIL-50-2015
November 6, 2015

Supervisory Guidance on the Capital Treatment of Certain Investments in Covered Funds

Printable Format:

FIL-50-2015 - PDF (PDF Help)

Summary:

The FDIC is issuing this Financial Institution Letter ("FIL") to FDIC-supervised institutions to clarify the interaction between the regulatory capital rule and the final rule implementing section 13 of the Bank Holding Company Act ("Volcker rule") with respect to the appropriate capital treatment for investments in certain private equity funds and hedge funds ("covered funds").

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This FIL is applicable to FDIC-supervised institutions that hold covered funds, and the expectation is that such institutions do not frequently hold covered funds.

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Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at https://www.fdic.gov/news/news/financial/2015/.

To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html.

Paper copies 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).

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