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Wednesday, May 22, 2013

ABA, Regulators Discuss Basel III Rules for S-Corp Banks

Bank members and staff from ABA and the Subchapter S Bank Association met yesterday with senior officials and supervisors at the FDIC and OCC to discuss how the Basel III capital rules affect Subchapter S banks.

Among the issues addressed were the impact of the restrictions of the capital conservation buffer on the ability of Subchapter S banks to make distributions to shareholders to make tax payments, the flow through of unrealized gains and losses to capital, the proposed phase-out of trust preferred securities, mortgage risk weights, and proposed treatment of pension plans under the proposal.

More than 2,200 banks -- primarily community banks -- have chosen to organize as S corporations.

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