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Comments due: FDIC, Federal Reserve, OCC (proposed rule; tax allocation agreements)

July 9

The Federal Deposit Insurance Corp. (FDIC), Federal Reserve, and Office of the Comptroller of the Currency (OCC) are inviting comment on a proposed rule under section 39 of the Federal Deposit Insurance Act that would establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group. The agencies say the proposal would preserve depository institutions’ ownership rights in tax refunds and ensure equitable allocation of tax liabilities among entities in a holding company structure.

Reg lookup: Tax Allocation Agreements


July 9
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