U.S. Congress - H.R.1356 Capital Access for Main Street Act of 2011
H.R.1356 - Capital Access for Main Street Act of 2011
To provide amortization authority in certain situations, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income. view all titles (2)
All Bill Titles
- Official: To provide amortization authority in certain situations, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income. as introduced.
- Short: Capital Access for Main Street Act of 2011 as introduced.
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Official Summary
4/4/2011--Introduced.Capital Access for Main Street Act of 2011 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income,Official Summary
4/4/2011--Introduced.Capital Access for Main Street Act of 2011 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to:(1) a loan secured by commercial real estate, or
(2) other real estate owned.
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