What rules apply to financial subsidiaries of a member bank?

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) The total amount of consideration given (including liabilities assumed) by the member bank in exchange for the security, reduced to reflect amortization of the security to the extent consistent with GAAP; and (ii) The carrying value of the security (adjusted so as not to reflect the member bank's pro rata portion of any earnings retained or losses incurred by the financial subsidiary after the member bank's acquisition of the security). (2) (3) (i) (B) (ii) (c) (2) (3)

official document · source cfr-2024 · id 12:§ 223.32