Bank Accounting & Finance articles from December 2001

Bank Accounting & Finance archives from December 2001

From the editor.(Brief Article)(Editorial)
December 22, 2001... With this issue, Aspen Publishers, Inc becomes the publisher of Bank Accounting & Finance. Aspen is a leading publisher of quality informational materials for the legal, accounting, and tax markets. As a member of the Aspen family of...

Allowance for loan losses guidance: Where we stand today.
December 22, 2001... The past three years have seen unprecedented scrutiny placed on the allowance for loan losses (ALL) by the regulators. The landscape is further complicated because the regulators frequently view their concerns from differing contexts: Concerns...

Mergers of equals after pooling.(Statistical Data Included)
December 22, 2001... It's been widely predicted that bank mergers of equals (MOEs), which were always hard to execute, would become even more difficult without the protection provided indirectly by pooling accounting. It's too early to assess the effect of...

Using physical models to describe and value core deposits.
December 22, 2001... Core deposits are valued by banks for their low rates and stable balances. (1) Paradoxically, the banking marketplace has yet to reach a consensus on how to price and value core deposits. Theoretical deposit valuation models are beginning to...

Maximizing performance and value of the core-deposit franchise.
December 22, 2001... The frontiers of core-deposit behavior and value assessment have expanded recently, supported by a statistical-based analysis methodology that evolved in the last several years. This new approach makes core deposits a balancesheet component...

SFAS No. 131 results in increased segment reporting for banks.(Statistical Data Included)
December 22, 2001... Effective in 1998, Statement of Financial Accounting Standards No.131 (SFAS No. 131), "Disclosures about Segments of an Enterprise and Related Information," dramatically altered the reporting requirements for business segments. The predecessor...

Valuation assumptions under SFAS No. 140: Understanding balance-sheet effects.
December 22, 2001... On September 30, 2000, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) No. 140, "Accounting for Transfer and Servicing of Financial Assets and Extinguishments of Liabilities," replacing...

Complying with Gramm-Leach-Bliley customer information security requirements: Whose responsibility is it? (Regulatory Developments).
December 22, 2001... Title V of the Gramm-Leach Bliley Act (GLBA) of 1999 was enacted to protect the confidentiality of customers' "non-public personal information." Nonpublic personal information means personally identifiable financial information 1) provided by a...

New U.S. qualified intermediary rules and their impact on foreign financial institutions. (Tax Update).
December 22, 2001... After years of waiting and several postponements by the Internal Revenue Service (IRS), new regulations relating to the withholding of tax from payments to nonresident aliens became effective this past January 1,2001. This article discusses the...

SEC staff addresses business combinations, intangible assets, and investments. (SEC Update).(Securities and Exchange Commission)(Statistical Data Included)
December 22, 2001... Recently, the Division of Corporation Finance of the Securities and Exchange Commission (SEC) issued an update to its Current Accounting and Disclosure Issues to express the views of its staff about accounting and disclosure issues that affect...

The New Basel Capital Accord: What will be the impact on small banks and consumers? (Community Banking).
December 22, 2001... The Bank for International Settlements recently proposed the New Basel Capital Accord, or Basel II (the New Accord), to replace the original 1988 Accord. The New Accord changes, among other things, the calculation of the minimum capital...

Amex's credit card fees may not be deferred. (Tax Litigation).
December 22, 2001... The recent Court of Appeals case, American Express Company and affiliated subsidiaries v. United States, 88 AFTR 2d 2001-5568, (2001-2 USTC Para 50,596), decided in August 2001, has affirmed the Court of Claims case American Express Company and...