Summary: |
The federal banking agencies are requesting comment on a proposed addendum that would supplement and clarify the 1998
Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
(Interagency Policy Statement). The proposed addendum is intended to ensure that insured depository institutions in a consolidated group maintain an appropriate relationship regarding the payment of taxes and the treatment of tax refunds.
Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised banks and savings associations, including community institutions, that (together with a parent holding company) file tax returns as members of a consolidated group. |
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