Joint Release
Board of Governors Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
For Immediate Release January 21, 2010
Agencies Issue Final Rule for Regulatory Capital Standards Related to
Statements of Financial Accounting Standards Nos. 166 and 167
The federal banking and thrift regulatory agencies today announced the final risk-based
capital rule related to the Financial Accounting Standards Board's adoption of
Statements of Financial Accounting Standards Nos. 166 and 167. These new
accounting standards make substantive changes to how banking organizations account
for many items, including securitized assets, that had been previously excluded from
these organizations' balance sheets.
Banking organizations affected by the new accounting standards generally will be
subject to higher risk-based regulatory capital requirements. The rule better aligns risk-
based capital requirements with the actual risks of certain exposures. It also provides an
optional phase-in for four quarters of the impact on risk-weighted assets and tier 2
capital resulting from a banking organization's implementation of the new accounting
standards.
The final rule, issued by the Office of the Comptroller of the Currency, Board of
Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and
Office of Thrift Supervision, will take effect 60 days after publication in the Federal
Register, which is expected shortly. Banking organizations may choose to comply with
the final rule as of the beginning of their first annual reporting period after November 15,
2009.
# # #
Attachment:
Agencies Issue Final Rule for Regulatory Capital Standards Related to Statements of
Financial Accounting Standards Nos. 166 and 167 - PDF 300KB (PDF Help)
FDIC-PR-12-2010
Media Contacts:
Federal Reserve Barbara Hagenbaugh (202) 452-2955
OCC Dean DeBuck (202) 874-5770
FDIC David Barr (202) 898-6992
OTS William Ruberry (202) 906-6677
Board of Governors Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
For Immediate Release January 21, 2010
Agencies Issue Final Rule for Regulatory Capital Standards Related to
Statements of Financial Accounting Standards Nos. 166 and 167
The federal banking and thrift regulatory agencies today announced the final risk-based
capital rule related to the Financial Accounting Standards Board's adoption of
Statements of Financial Accounting Standards Nos. 166 and 167. These new
accounting standards make substantive changes to how banking organizations account
for many items, including securitized assets, that had been previously excluded from
these organizations' balance sheets.
Banking organizations affected by the new accounting standards generally will be
subject to higher risk-based regulatory capital requirements. The rule better aligns risk-
based capital requirements with the actual risks of certain exposures. It also provides an
optional phase-in for four quarters of the impact on risk-weighted assets and tier 2
capital resulting from a banking organization's implementation of the new accounting
standards.
The final rule, issued by the Office of the Comptroller of the Currency, Board of
Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and
Office of Thrift Supervision, will take effect 60 days after publication in the Federal
Register, which is expected shortly. Banking organizations may choose to comply with
the final rule as of the beginning of their first annual reporting period after November 15,
2009.
# # #
Attachment:
Agencies Issue Final Rule for Regulatory Capital Standards Related to Statements of
Financial Accounting Standards Nos. 166 and 167 - PDF 300KB (PDF Help)
FDIC-PR-12-2010
Media Contacts:
Federal Reserve Barbara Hagenbaugh (202) 452-2955
OCC Dean DeBuck (202) 874-5770
FDIC David Barr (202) 898-6992
OTS William Ruberry (202) 906-6677