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nats1

02/19/20 1:32 PM

#593106 RE: FOFreddie #593065

FOFreddie - I thought the DTA would be counted as part of Regulatory Capital - but not sure.

I think your $60B is probably going to end up closer than $75. I am in the camp of not needing nearly as much as the bank standards. If they are going to get very far on this before the election - and they better hurry - Calabria needs to issue the Cap Rule now and do his fine tuning during the post comment period - I think the post comment period will take them at least 4 months to digest and address and this could take us to the end of September by the time they issue this at the end of March as he has indicated.

Nats