Home > Regulation & Examinations >
Laws & Regulations > FDIC
Federal Register Citations
FDIC Federal Register Citations
from: Bill Beyer, President
Meredith Village Savings Bank
subject: Comments for Regulatory Paperwork Reduction
My suggestion for elimination is Economic Value of Entity (EVE) which requires banks to do a lot of work marking assets to current value, totally ignores the value of deposits, and supposedly gives us warning of future trouble. I myself have come to believe it is a total waste of time. Ive asked many bankers how they use it. All have said they dont. Ive encountered one examiner who thought it was valuable but couldnt explain why. And Ive met several examiners who dont seem to support it but do still require that we prepare it.
Perhaps I just dont understand it? In truth though, I think this one you could do away with.
|Last Updated 03/17/2005||Regs@fdic.gov|