Dictionary of Banking Terms: Regulatory Accounting Principles (RAP)
Regulatory Accounting Principles (RAP)
accounting rules and procedures authorized in the 1980s by the Federal Home Loan Bank Board to assist savings and loan associations with low net worth in meeting regulatory capital requirements.
RAP accounting was phased out by the Financial Institutions Reform, Recovery and Enforcement Act of 1989, which authorized federal funding to pay depositor claims on the failed S&Ls.
