Federal Reserve Bank of San Francisco
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Agencies Reviewing Treatment of Collateralized Debt Obligations Backed by Trust Preferred Securities under Final Rules Implementing the “Volcker Rule”

January 3, 2014

On Friday, December 27, 2013, the Federal Reserve Board issued SR 13-25, Interagency Statement Regarding the Treatment of Certain Collateralized Debt Obligations Backed by Trust Preferred Securities under the Volcker Rule.

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