OCC BULLETIN 2014-30
Subject: Addendum to the Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
Date: July 2, 2014
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Joint Statement
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are jointly issuing an addendum to the “Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure.”1 The purpose of the addendum is to ensure that insured depository institutions (IDI) in a consolidated group maintain appropriate relationships regarding the payment of taxes and treatment of tax refunds.
Contact Gary Jeffers, Counsel, or Steven Key, Assistant Director, Bank Activities and Structure Division, at (202) 649-5500.
Amy S. Friend