← Treasury Federal Register rules

International Banking Activities

banking-occ · OCC · Rule · Published 1998-10-26 · Effective 1999-01-01 · 63 FR 57047

Document

Document number
98-28593
Federal Register citation
63 FR 57047
CFR reference
12 CFR 28
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1998-10-26
Effective date
1999-01-01
Treasury docket
Docket No. 98-16

Abstract

The Office of the Comptroller of the Currency (OCC) is amending its regulation governing international lending. This amendment removes the lengthy discussion concerning the accounting for fees on international loans and instead states that the accounting for these fees is to conform to generally accepted accounting principles (GAAP). The amendment is intended to simplify the rule and eliminate unnecessary burden.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown