BANKING & FINANCE - Sept. 3, 1992
From Times Staff and Wire Reports
Thrift Agency Imposes New Rules: The Office of Thrift Supervision adopted new accounting and reporting rules for the nation’s savings and loans, despite protests from the thrift industry. The final regulations, which become effective in 30 days, make accounting and reporting rules for thrifts comparable in approach and terminology to those for national banks. In addition, a thrift’s statement of condition must disclose the institution’s regulatory capital requirement and its actual regulatory capital. The new regulations will also change the way thrifts value troubled real estate loans on their books.
