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Friday, June 30, 2017

Fed Calculates Aggregate Liabilities

The Federal Reserve announced that aggregate financial sector liabilities amounted to approximately $21.01 trillion, meaning that  under Section 622 of the Dodd-Frank Act, which prohibits the combination of financial companies if the resulting company’s liabilities account for more than 10% of the aggregate consolidated liabilities of all financial firms  financial companies cannot combine unless their aggregate liabilities amount to less than $2.1 trillion.

The limit applies to all insured depository institutions, bank and S&L holding companies, foreign banks and nonbanks subject to FSOC 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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