Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
 
2014 RDC Summit
Sept. 30 - Oct. 2
Las Vegas
 
PayThink (formerly ATM, Debit & Prepaid Forum)
October 20-22
JW Marriott Desert Ridge
Phoenix
 
Money20/20
November 2-6
Aria
Las Vegas
 
ABA National Agricultural Bankers Conference
November 9-12
Hilton
Omaha, Neb.
More events >  

General Info

Economic Stabilization Act of 2008
Section 132 and 133 (Page 88 and 89 of the PDF) of this act provide the SEC authority to suspend mark-to-market as well as conduct a study to consider the effects of FASB 157 on financial institutions’ balance sheets. The SEC has 90 days from the time the act is signed into law to conduct the study and submit it to Congress.

 


Agencies Announce Decision on Regulatory Capital Impact of Emergency Economic Stabilization Act of 2008 on Fannie Mae and Freddie Mac Preferred Stock
The federal banking and thrift regulatory agencies announced today that they will allow banks, bank holding companies, and thrifts (collectively, "banking organizations") to recognize the effect of the tax change enacted in Section 301 of the Emergency Economic Stabilization Act of 2008 in their third quarter 2008 regulatory capital calculations.


SEC Makes Mark-to-Market Accounting Markedly Better
The Heritage Foundation
The SEC and FASB clarifications are good ones, and--without fanfare--go far to address the problems with mark-to-market.


What does mark-to-market mean?
Investopedia.com


SEC Office of the Chief Accountant and FASB Staff Clarifications on Fair Value Accounting
Securities and Exchange Commission

<-Back