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Thursday, July 2, 2015

Fed Calculates Aggregate Liabilities

The Federal Reserve announced that aggregate financial sector liabilities have reached $21.63 trillion last year-end. Under Dodd-Frank Act §622, which prohibits the combination of financial companies if the resulting company’s liabilities would account for more than 10 percent of the aggregate consolidated liabilities of all financial firms, — a financial company cannot combine unless the consolidated aggregate liabilities would amount to less than $2.16 trillion.

The limit applies to all insured depository institutions, bank and S&L holding companies, foreign banks and nonbanks subject to Financial Stability Oversight Council supervision. Liabilities are defined as the difference between risk-weighted assets — adjusted to reflect exposures deducted from regulatory capital — and total regulatory capital.

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