The Federal Reserve Board has decided to revise it risk-based capital rules dealing with identifiable intangible assets as a component of Tier 1 capital to more closely conform to the policies of other banking regulators. The changes specify that purchased mortgage servicing rights may account for up to 50% of Tier 1 capital.

The agency adopted a regulation Dec. 9 allowing bank holding companies and state member banks to count such intangible assets as core deposits toward primary capital only if they acquired such assets before Feb. 1 9, 1992 The Fed also acted to move its capital policies dealing with identifiable intangible assets more closely to that of other regulators by saying institutions would no longer be allowed to include core deposits included in the calculation of an institution's capital ratios for application purposes.

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