A joint OCC, Federal Reserve Board and FDIC proposal to establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group was published in the Federal Register.
News & Insights
The OCC, Treasury, Federal Reserve Board and FDIC proposed a joint rulemaking to establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group.
The OCC, Federal Reserve Board, FDIC and National Credit Union Administration proposed (i) a policy statement on allowances for credit losses and (ii) guidance on credit risk review systems.
A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.