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Risk-Based Capital Standards: Unrealized Holding Gains on Certain Equity Securities

Fed · final-rule · Published 1998-09-01 · Effective 1998-10-01 · 63 FR 46518

Document

Document number
98-23379
Federal Register citation
63 FR 46518
CFR reference
12 CFR 3
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1998-09-01
Effective date
1998-10-01
Docket
Docket No. 98-12

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 amending their respective risk- based capital standards for banks, bank holding companies, and thrifts (institutions) with regard to the regulatory capital treatment of unrealized holding gains on certain equity securities. These gains are reported as a component of equity capital under U.S. generally accepted accounting principles (GAAP), but have not been included in regulatory capital under the Agencies' capital standards. This final rule permits institutions to include in supplementary (Tier 2) capital up to 45 percent of the pretax net unrealized holding gains on certain available-for-sale (AFS) equity securities. The final rule is intended to make the regulatory capital treatment of these unrealized gains consistent with the international standards of the Basle Accord.

Source

Authoritative
Federal Register document
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