FASB Staff And SEC Propose Clarifications On Fair Value Determinations In Inactive Markets

Developments Of Note

1. FASB Staff and SEC Propose Clarifications on Fair Value Determinations in Inactive Markets
2. IRS Issues Notice to Assist Banks Following an Ownership Change
3. FRB to Pay Interest on Depository Institutions' Required and Excess Reserves; FRB Issues Interim Final Rule Amending Regulation D
4. Federal Banking Agencies Propose Rule that Would Permit Banking Organizations to Deduct Goodwill Net of Associated Deferred Tax Liabilities from Regulatory Capital
5. FDIC Deposit Insurance Coverage Increased Temporarily
6. Delaware Chancery Court Issues Opinion Concerning the Application in M&A Context of MAE Condition and Covenants to Use Reasonable Best Efforts

Other Item Of Note