The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
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To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a Federal Registernotice (pdf - 43kb), the Federal Reserve Board has requested comments by December 27, 2001, on a proposal to amend the Feds risk-based capital guidelines to clarify that deferred tax assets in excess of the allowable amount (disallowed deferred tax assets) are included in the items that are deducted from tier 1 capital for the purpose of determining the maximum allowable amount of tier 2 capital that a banking organization may include in qualifying total capital and the maximum allowable amount of term subordinated debt and intermediate-term preferred stock that may be treated as supplementary capital.
Questions on this matter may be directed, at this Bank, to Kim Olson, Assistant Vice President, Policy and Analysis Function.