Bankowość · 05/02/2003

Joint Report: Differences in Accounting Standards Among the Federal Banking and Thrift Agencies

The Office of the Comptroller of the Currency (OCC), Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), and Office of Thrift Supervision (OTS) have submitted a joint report to the House Committee on Financial Services and Senate Committee on Banking, Housing, and Urban Affairs, detailing discrepancies in accounting and capital standards used by these federal banking and thrift agencies, as mandated by the Federal Deposit Insurance Act of 1933 (12 U.S.C. “1831n(c)"). The report is required to be published in the Federal Register.