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Interagency Statement extended
The federal banking and thrift regulatory agencies announce they are extending the applicability of their October 24, 2008 Interagency Statement on direct investments to certain indirect investments in Fannie Mae and Freddie Mac preferred stock. The change, made in response to a newly issued federal tax revenue procedure (Rev. Proc. 2008-64), means that banks, bank holding companies, and thrifts (banking organizations) are permitted to adjust their September 30, 2008 regulatory capital calculati -
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