Capital Adequacy Guidelines: Treatment of Perpetual Preferred Stock Issued to the United States Treasury Under the Emergency Economic Stabilization Act of 2008

Summary

The Federal Reserve Board has adopted an interim final rule allowing bank holding companies that issue new senior perpetual preferred stock to the U.S. Treasury under the Emergency Economic Stabilization Act of 2008 to include these capital instruments in their Tier 1 capital for risk-based and leverage capital purposes.