Size Matters: New Methods For Determining Assets

Law360, New York (December 5, 2011, 1:34 PM EST) -- On Nov. 17, 2011, the Federal Deposit Insurance Corporation, Federal Reserve Board, U.S. Office of the Comptroller of the Currency, and U.S. National Credit Union Administration (collectively, the federal banking agencies), along with the U.S. Bureau of Consumer Financial Protection (collectively, the agencies), issued a supervisory statement regarding how the agencies will calculate the total assets of an insured depository institution or an insured credit union for determining which institutions will be subject to their supervision and enforcement authority with respect to federal consumer financial law.[1]...
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