Latest News Tagged With “2016”

ABA Supports Proposed Subchapter S, LLC Tax Bills

May 31, 2016

ABA last week submitted a statement for the record expressing support for two bills introduced by Rep. Kenny Marchant (R-Texas) that would provide banks more flexibility under the Internal Revenue Code. The Capital Access for Small Business Banks Act (H.R. 2798) would help facilitate the additional raising of bank capital by expanding both the number of potential shareholders and the types of stock that can be issued by banks currently operating under Subchapter S of the IRC. The Community Bank Flexibility Act (H.R. 3287) would allow an institution organized as limited liability companies to be treated as a bank under Section 581 of the IRC for tax purposes, allowing it to achieve tax efficiencies by having the income of the corporation taxed only once at the shareholder level. “Rep. Marchant’s legislation will provide additional important tax efficient alternatives for banks to raise capital,” ABA said. “The ABA supports these two changes to the IRC that will help promote strong banks, encourage growth and stronger, more economically vibrant communities.”  Read more

Increase Asset Threshold Under the Small BHC Policy Statement

Apr 15, 2016

Legislation to raise consolidated assets threshold under the small BHC policy statement  Read more

The Sub S Bank Report Volume 19, Issue 1

Apr 01, 2016

The Latest Edition of The Sub S Bank Report is Now Available for Registered Members! Learn More About: Supervisory Concerns Related to Shareholder Protection Arrangements (SR 15-15); Greater use of Debt in the Capital Structures of Bank Holding Companies; Tax Strategies to Offset CECL; A S Corp Study that Finds Benefits for Owners and Employees; Legislation to Watch and Upcoming Dates you need to know about.  To read it, log in with your membership information. If you need assistance resetting your log in information or did not receive the email copy to your inbox email Amy Trevino at   Read more

Total Loss Absorbing Capacity (TLAC)

Mar 15, 2016

Material Repercussions and Disruptions for U.S. Banks and Investors: Capital Deductions for Investment in GSIB BHC Senior Debt Disruption to the BHC LTD Market from TLAC LTD Issuance Impact of Capital Buffers on GSIB Market Making Activities Greater Use of LTD in BHC Capital Structures By: Thomas W. Killian, Principal at Sandler O'Neill (212) 466-7709 or  Read more