Blog: board of governors of the federal reserve system

 

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Financial Institutions Should Be Proactive in Accommodating Borrowers Impacted by COVID-19

Posted on March 27, 2020 by
Blog

The extent to which COVID-19 will cause financial distress, or even financial ruin, to businesses throughout the State of Wisconsin is yet to be determined.  We do know, however, that there will be many businesses that struggle to maintain sufficient cash to survive the mandatory shutdowns and the loss of revenue resulting from the pandemic. […]

Interagency Guidance on Accounting and Reporting Implications of Tax Cuts & Jobs Act

Posted on February 16, 2018 by
Blog

On January 18, 2018, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency released guidance on the accounting implications of the Tax Cuts & Jobs Act (the “Act”) signed into law on December 22, 2017.  The guidance provides information on the […]