Finanse publiczne · 15.08.1995

Regulatory Capital: Common Stockholders' Equity

The Office of Thrift Supervision (OTS), consistent with the other Federal banking agencies (collectively, the Agencies), is amending its capital rule to conform its definition of ``common stockholders' equity'' with the terminology used in referring to available-for-sale equity securities in Statement of Financial Accounting Standard No. 115, ``Accounting for Certain Investments in Debt and Equity Securities'' (SFAS No. 115). Specifically, this rule substitutes the term ``available-for-sale equity securities with readily determinable fair values'' used in SFAS No. 115 for the current reference to ``marketable equity securities'' in the OTS definition of ``common stockholders' equity.'' The OTS has decided not to adopt other provisions of its June 1994 proposal that would include net unrealized gains and losses on all available-for-sale debt and equity securities in regulatory capital. The OTS and the other Agencies had initially issued proposed rules to change institutions' regulatory capital computations to be consistent with generally accepted accounting principles (GAAP), as amended by SFAS No. 115. Although the Agencies' regulatory capital rules will not conform with SFAS No. 1