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Proposed Rule on the Deduction of Goodwill Net of Associated Deferred Tax Liability
Office of Thrift Supervision
Department of the Treasury
Timothy T. Ward
Deputy Director, Examinations, Supervision, and Consumer Protection
1700 G Street, N.W., Washington, DC 20552 • (202) 906-5666
September 30, 2008
 
 
MEMORANDUM FOR: CHIEF EXECUTIVE OFFICERS
 
FROM: Timothy Ward Deputy Director Examinations, Supervision, and Consumer Protection
 
SUBJECT: Proposed Rule on the Deduction of Goodwill Net of Associated Deferred Tax Liability
 
The Office of Thrift Supervision, together with the Federal Reserve Board, the Office of
the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (“the
Agencies”), issued a Notice of Proposed Rulemaking on the Deduction of Goodwill Net of
Associated Deferred Tax Liability on September 30, 2008.
 
The proposed rule would permit savings associations, banks, and bank holding companies to elect to deduct, for regulatory capital purposes, goodwill arising from taxable business combinations net of any associated deferred tax liability. This may result in a capital benefit for some savings associations.
 
In addition to the proposed rule change above, the OTS is proposing other technical and
conforming changes to its regulatory text. The Agencies request comment on the attached Notice of Proposed Rulemaking. The comment period is 30 ... more

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