Joint Release
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
Office of Thrift Supervision
For Immediate Release August 26, 2009
Agencies Seek Comment on Proposed Regulatory Capital Standards Related to
Adoption of Statements of Financial Accounting Standards No. 166 and 167
The federal banking and thrift regulatory agencies are seeking comment on a proposed
regulatory capital rule related to the Financial Accounting Standards Board's adoption of
Statements of Financial Accounting Standards Nos. 166 and 167. Beginning in 2010,
these accounting standards will make substantive changes to how banking
organizations account for many items, including securitized assets, that are currently
excluded from these organizations' balance sheets.
The agencies are issuing the proposal to better align regulatory capital requirements
with the actual risks of certain exposures. Banking organizations affected by the new
accounting standards generally will be subject to higher minimum regulatory capital
requirements. The agencies’ proposal seeks comment and supporting data on whether
a phase-in of the increase in regulatory capital requirements is needed. It also seeks
comment and supporting data on the features and characteristics of transactions that,
although consolidated under the new accounting standards, might merit an alternative
capital treatment, as well as on the potential impact of the new accounting standards on
lending, provisioning, and other activities.
Comments on all aspects of the proposed rule are due within 30 days after its
publication in the Federal Register, which is expected shortly.
###
Attachment:
Notice of Proposed Rulemaking Regarding Risk-Based Capital Guidelines; Impact of
Modifications to Generally Accepted Accounting Principles; Consolidation of Asset-
Backed Commercial Paper Programs; and Other Related Issues - PDF (PDF Help)
Media Contacts:
Federal Reserve Barbara Hagenbaugh (202) 452-2955
OCC Dean DeBuck (202) 874-5770
FDIC Greg Hernandez (202) 898-6993
OTS William Ruberry (202) 906-6677
FDIC-PR-151-2009
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
Office of Thrift Supervision
For Immediate Release August 26, 2009
Agencies Seek Comment on Proposed Regulatory Capital Standards Related to
Adoption of Statements of Financial Accounting Standards No. 166 and 167
The federal banking and thrift regulatory agencies are seeking comment on a proposed
regulatory capital rule related to the Financial Accounting Standards Board's adoption of
Statements of Financial Accounting Standards Nos. 166 and 167. Beginning in 2010,
these accounting standards will make substantive changes to how banking
organizations account for many items, including securitized assets, that are currently
excluded from these organizations' balance sheets.
The agencies are issuing the proposal to better align regulatory capital requirements
with the actual risks of certain exposures. Banking organizations affected by the new
accounting standards generally will be subject to higher minimum regulatory capital
requirements. The agencies’ proposal seeks comment and supporting data on whether
a phase-in of the increase in regulatory capital requirements is needed. It also seeks
comment and supporting data on the features and characteristics of transactions that,
although consolidated under the new accounting standards, might merit an alternative
capital treatment, as well as on the potential impact of the new accounting standards on
lending, provisioning, and other activities.
Comments on all aspects of the proposed rule are due within 30 days after its
publication in the Federal Register, which is expected shortly.
###
Attachment:
Notice of Proposed Rulemaking Regarding Risk-Based Capital Guidelines; Impact of
Modifications to Generally Accepted Accounting Principles; Consolidation of Asset-
Backed Commercial Paper Programs; and Other Related Issues - PDF (PDF Help)
Media Contacts:
Federal Reserve Barbara Hagenbaugh (202) 452-2955
OCC Dean DeBuck (202) 874-5770
FDIC Greg Hernandez (202) 898-6993
OTS William Ruberry (202) 906-6677
FDIC-PR-151-2009