Agencies Propose Rule Requiring Income Tax Allocation Agreements for Consolidated Returns
Agencies propose requiring that national banks, state banks and savings associations that file tax returns as part of a consolidated ...
Tag: Federal Reserve
Fed to Automate Non-Merger-Related Adjustments to Capital Stock Subscriptions
In a move that would significantly reduce the annual reporting burden on banks, the Federal Reserve today proposed to automate ...
FOMC Projects ‘Substantial’ GDP Growth This Year
Real gross domestic product growth is projected to be substantial this year and the unemployment rate is expected to decline ...
Libor Change: ‘Law of Physics’ Prompting Examination Focus, Self-Assessment Tool
With Libor slated to sunset by the end of 2021, banks need to identify and mitigate their Libor transition risks. ...
Fed Issues Final Rules Clarifying Role of Supervisory Guidance
The Federal Reserve today issued its final rule codifying that regulatory guidance does not have the force and effect of ...
Fed Survey Highlights Pandemic Challenges for Older Entrepreneurs
Small businesses owned by older entrepreneurs—those over the age of 45—have been particularly affected by the COVID-19 pandemic, compared to ...
Fed: Eligible Firms May Resume Dividends, Share Repurchases in July
The Federal Reserve said today that it will lift its temporary restrictions on bank holding companies’ dividends and share repurchases ...
Powell: Fed ‘Not Equipped’ to Service Individual Accounts
Federal Reserve Chairman Jerome Powell today said that his agency is “not equipped to service individual commercial and retail accounts” ...
Yellen Supports Stock Repurchases for Banks as Economic Conditions Improve
Treasury Secretary Janet Yellen today said that banks “should have some ability . . . to make returns to shareholders” ...
Fed Releases Audited Financial Statements
The Federal Reserve today released 2020 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks ...
