Differences in Capital and Accounting Standards Among the Federal Banking and Thrift Agencies; Report to Congressional Committees

概要

This report has been prepared by the FDIC pursuant to Section 37(c) of the Federal Deposit Insurance Act, as added by Section 121 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). Section 37(c) requires each Federal banking agency to report annually to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and to the Committee on Banking, Housing, and Urban Affairs of the Senate any differences between any accounting or capital standard used by such agency and any accounting or capital standard used by any other such agency. The report must also contain an explanation of the reasons for any discrepancy in such accounting and capital standards and must be published in the Federal Register.