N.Y. Comp. Codes R. & Regs. tit. 3 § 206.1
Current through Register Vol. 46, No. 53, December 31, 2024
Banks and trust companies, savings banks and savings and loan associations may report investments in subsidiaries in conformity with the "equity method of accounting" as approved by the Accounting Principals Board of the Amercian Institute of Certified Public Accountants, provided, however, that once this accounting method is adopted, it shall be consistently applied and will not be discontinued without the prior approval of the Superintendent of Banks.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 206.1