Regulatory Capital Calculations: Tax Effect of Losses on Fannie Mae and Freddie Mac Preferred Stock
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Regulatory Capital Calculations: Tax Effect of Losses on Fannie Mae and Freddie Mac Preferred Stock

Filetype[PDF-36.48 KB]


  • Publisher's site:
  • Description:
    Section 301 of the Emergency Economic Stabilization Act of 2008 (EESA) provides tax relief to banks that have suffered losses on certain holdings of Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) perpetual preferred stock by changing the character of these losses from capital to ordinary for federal income tax purposes. The federal banking agencies will allow banks to recognize the effect of the tax change enacted in Section 301 of EESA in their third quarter 2008 regulatory capital calculations.
  • Subject:
  • Format:
  • Release Date:
  • Update Date:
  • Withdrawn Date:
    Not Available.
  • Agencies Involved:
    Federal Deposit Insurance Corporation (FDIC);Federal National Mortgage Association (Fannie Mae);Federal Home Loan Mortgage Corporation (Freddie Mac);Office of the Comptroller of the Currency (OCC);Board of Governors of the Federal Reserve System (The Fed);
  • Fdic Employee Involved:
    Robert Storch
  • Law Involved:
    Emergency Economic Stabilization Act of 2008 (EESA)
  • Related Regulation:
    12 CFR Part 325
  • Source:
    FDIC Website
  • Memorandum To:
    FDIC-Supervised Banks (Commercial and Savings)
  • FIL Number:
  • Main Document Checksum:
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