Amendment101st Congress
Amendment sought to permit those savings and loan institutions that have "supervisory goodwill" on their books as of April 1, 1989, to continue counting this as capital towards meeting their core capital requirements. To be counted as capital, such supervisory goodwill must have resulted from a federally approved acquisition, merger, consolidation, or purchase of assets.
- Amendment Number
- 58
- Description
- Amendment sought to permit those savings and loan institutions that have "supervisory goodwill" on their books as of April 1, 1989, to continue counting this as capital towards meeting their core capital requirements. To be counted as capital, such supervisory goodwill must have resulted from a federally approved acquisition, merger, consolidation, or purchase of assets.
- Purpose
- An amendment to permit those savings and loan institutions that have supervisory goodwill on their books as of April 1, 1989, to continue counting this goodwill as capital towards meeting their core capital requirements. To be counted as capital, such supervisory goodwill must have resulted from a federally approved acquisition, merger, consolidation, or purchase of assets. Further, counting supervisory goodwill as capital would be phased out over five years.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Jun 15, 1989
- Latest Action Text
- By unanimous consent, the Quillen amendment was withdrawn.
- Latest Action Time
- 11:58:52
- Submitted Date
- Jun 15, 1989
- Chamber
- House of Representatives
- Update Date
- Jul 10, 2021