Banking Regulators' Report on Capital Standards: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred First Congress, Second Session ... September 10, 1990, Volume 4

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Page 23 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 117 - Thank you very much. [Testimony resumes on p. 35.] [The prepared statement of Mr. Breeden follows:] TESTIMONY OF RICHARD C. BREEDEN, CHAIRMAN US SECURITIES AND EXCHANGE COMMISSION CONCERNING FINANCIAL SERVICES MODERNIZATION BEFORE THE SUBCOMMITTEE ON TELECOMMUNICATIONS AND FINANCE OF THE...
Page 198 - FDIC as part of the bank's regulatory capital on a specific case basis. In evaluating whether other types of intangibles should be recognized for regulatory capital purposes on a specific case basis, the FDIC will accord special attention to the general characteristics of the intangibles, including: (1) The separability of the intangible asset and the ability to sell it separate and apart from the bank or the bulk of the bank's assets, (2) the certainty that a readily identifiable stream of cash...
Page 118 - US Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 TESTIMONY OF RICHARD C.
Page 197 - The fair values of such assets that relate to depositor or borrower relationships shall be based on the estimated benefits attributable to the relationships that exist at the date of acquisition without regard to new depositors or borrowers that may replace them. Those identified intangible assets shall be amortized over the estimated lives of those existing relationships.
Page 197 - Second, the excess of the cost of the acquired company over the sum of the amounts assigned to identifiable assets acquired less liabilities assumed should be recorded as goodwill.
Page 68 - ... for the Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. BACKGROUND AND NEED FOR LEGISLATION The Year 2000 problem (also referred to as the "Y2K...
Page 27 - ... the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA) --should revise accounting principles for identifying and measuring loss contingencies so that the value of banks' problem assets is promptly recognized based on existing market conditions.
Page 63 - In effect, the moral hazard risk of deposit insurance would be reduced. Second, higher capital levels would create a larger buffer between the mistakes of bank owners and managers and the need to draw on the deposit insurance fund, for too many institutions, that buffer has been too low in recent years.
Page 42 - Thank you for your attention. I will be happy to answer any questions you may have.

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