1 Vol. 78 Friday, No. 198 october 11, 2013 . Part II. Department of the Treasury Office of the Comptroller of the Currency 12 CFR Parts 3, 5, 6, et al. Federal Reserve System 12 CFR Parts 208, 217, and 225. Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule; Final Rule wreier-aviles on DSK5 TPTVN1 PROD with RULES2. VerDate Mar<15>2010 13:14 Oct 10, 2013 Jkt 232001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\ 11 OCR2. 62018 Federal Register / Vol.
2 78, No. 198 / Friday, october 11, 2013 / Rules and Regulations Department OF THE Treasury requirements. Further, the final rule (202) 475 6316, Capital and Regulatory amends the methodologies for Policy, Division of Banking Supervision Office of the Comptroller of the determining risk-weighted assets for all and Regulation; or Benjamin Currency banking organizations, and introduces McDonough, Senior Counsel, (202) 452 . disclosure requirements that would 2036; April C. Snyder, Senior Counsel, 12 CFR Parts 3, 5, 6, 165, and 167 apply to top-tier banking organizations (202) 452 3099; Christine Graham, [Docket ID OCC 2012 0008]. domiciled in the United States with $50 Senior Attorney, (202) 452 3005; or billion or more in total assets.
3 The final David Alexander, Senior Attorney, (202). RIN 1557 AD46 rule also adopts changes to the agencies' 452 2877, Legal Division, Board of regulatory capital requirements that Governors of the Federal Reserve meet the requirements of section 171 System , 20th and C Streets NW., Federal Reserve System and section 939A of the Dodd-Frank Washington, DC 20551. For the hearing Wall Street Reform and Consumer impaired only, Telecommunication 12 CFR Parts 208, 217, and 225 Protection Act. Device for the Deaf (TDD), (202) 263 . The final rule also codifies the 4869. [Docket No. R 1442; Regulations H, Q, and Y]. agencies' regulatory capital rules, which SUPPLEMENTARY INFORMATION: have previously resided in various RIN 7100 AD 87 appendices to their respective Table of Contents regulations, into a harmonized I.
4 Introduction Regulatory Capital Rules: Regulatory integrated regulatory framework. In II. Summary of the Three Notices of Proposed Capital, Implementation of Basel III, addition, the OCC is amending the Rulemaking Capital Adequacy, Transition market risk capital rule (market risk A. The Basel III Notice of Proposed Provisions, Prompt Corrective Action, rule) to apply to Federal savings Rulemaking Standardized Approach for Risk- associations, and the Board is amending B. The Standardized Approach Notice of weighted Assets, Market Discipline the advanced approaches and market Proposed Rulemaking and Disclosure Requirements, C. The Advanced Approaches Notice of risk rules to apply to top-tier savings Proposed Rulemaking Advanced Approaches Risk-Based and loan holding companies domiciled III.
5 Summary of General Comments on the Capital Rule, and Market Risk Capital in the United States, except for certain Basel III Notice of Proposed Rulemaking Rule savings and loan holding companies and on the Standardized Approach AGENCY: Office of the Comptroller of the that are substantially engaged in Notice of Proposed Rulemaking;. insurance underwriting or commercial Overview of the Final Rule Currency, Treasury ; and the Board of A. General Comments on the Basel III. Governors of the Federal Reserve activities, as described in this preamble. Notice of Proposed Rulemaking and on System . DATES: Effective date: January 1, 2014, the Standardized Approach Notice of ACTION: Final rule.
6 Except that the amendments to Proposed Rulemaking Appendixes A, B and E to 12 CFR Part 1. Applicability and Scope SUMMARY: The Office of the Comptroller 208, 12 CFR , and Appendixes D 2. Aggregate Impact of the Currency (OCC) and Board of and E to Part 225 are effective January 3. Competitive Concerns Governors of the Federal Reserve 1, 2015, and the amendment to 4. Costs Appendix A to 12 CFR Part 225 is B. Comments on Particular Aspects of the System (Board), are adopting a final rule effective January 1, 2019. Mandatory Basel III Notice of Proposed Rulemaking that revises their risk-based and leverage and on the Standardized Approach capital requirements for banking compliance date: January 1, 2014 for Notice of Proposed Rulemaking organizations.
7 The final rule advanced approaches banking 1. Accumulated Other Comprehensive consolidates three separate notices of organizations that are not savings and Income proposed rulemaking that the OCC, loan holding companies; January 1, 2. Residential Mortgages Board, and FDIC published in the 2015 for all other covered banking 3. Trust Preferred Securities for Smaller Federal Register on August 30, 2012, organizations. Banking Organizations 4. Insurance Activities with selected changes. The final rule FOR FURTHER INFORMATION CONTACT: C. Overview of the Final Rule implements a revised definition of OCC: Margot Schwadron, Senior Risk D. Timeframe for Implementation and regulatory capital, a new common Expert, (202) 649 6982; David Elkes, Compliance equity tier 1 minimum capital Risk Expert, (202) 649 6984; Mark IV.
8 Minimum Regulatory Capital Ratios, requirement, a higher minimum tier 1 Ginsberg, Risk Expert, (202) 649 6983, Additional Capital Requirements, and capital requirement, and, for banking Capital Policy; or Ron Shimabukuro, Overall Capital Adequacy organizations subject to the advanced Senior Counsel; Patrick Tierney, Special A. Minimum Risk-Based Capital Ratios and approaches risk-based capital rules, a Counsel; Carl Kaminski, Senior Other Regulatory Capital Provisions B. Leverage Ratio supplementary leverage ratio that Attorney; or Kevin Korzeniewski, C. Supplementary Leverage Ratio for incorporates a broader set of exposures Attorney, Legislative and Regulatory Advanced Approaches Banking in the denominator.
9 The final rule Activities Division, (202) 649 5490, Organizations incorporates these new requirements Office of the Comptroller of the D. Capital Conservation Buffer into the agencies' prompt corrective Currency, 400 7th Street SW., E. Countercyclical Capital Buffer action (PCA) framework. In addition, Washington, DC 20219. F. Prompt Corrective Action Requirements wreier-aviles on DSK5 TPTVN1 PROD with RULES2. the final rule establishes limits on a Board: Anna Lee Hewko, Deputy G. Supervisory Assessment of Overall banking organization's capital Associate Director, (202) 530 6260; Capital Adequacy H. Tangible Capital Requirement for distributions and certain discretionary Thomas Boemio, Manager, (202) 452.
10 Federal Savings Associations bonus payments if the banking 2982; Constance M. Horsley, Manager, V. Definition of Capital organization does not hold a specified (202) 452 5239; Juan C. Climent, Senior A. Capital Components and Eligibility amount of common equity tier 1 capital Supervisory Financial Analyst, (202) Criteria for Regulatory Capital in addition to the amount necessary to 872 7526; or Elizabeth MacDonald, Instruments meet its minimum risk-based capital Senior Supervisory Financial Analyst, 1. Common Equity Tier 1 Capital VerDate Mar<15>2010 13:14 Oct 10, 2013 Jkt 232001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4700 E:\FR\FM\ 11 OCR2. Federal Register / Vol. 78, No. 198 / Friday, october 11, 2013 / Rules and Regulations 62019.