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TREAS/OCC

RIN: 1557-AD46

Publication ID: Fall 2013

Title: Strengthening Tier 1 Capital Other Capital Enhancements, Standardized Approach (Basel III)
Abstract: Regulatory Capital Rules – Basel III (12 CFR parts 3, 5, 6, 165, 167). The banking agencies (OCC and Board of Governors of the Federal Reserve System (Federal Reserve) have issued a final rule that revises their risk-based and leverage capital requirements for banking organizations. (The Federal Deposit Insurance Corporation (FDIC) separately issued an interim final rule that is substantively the same as the OCC and Federal Reserve final rule.) The final rule consolidates three separate proposed rules that the banking agencies published on August 30, 2012 (77 FR 52792, 52888, 52978), into one final rule. The final rule implements a revised definition of regulatory capital, a new common equity tier 1 minimum capital requirement, a higher minimum tier 1 capital requirement, and, for banking organizations subject to the advanced approaches risk-based capital rules, a supplementary leverage ratio that incorporates a broader set of exposures in the denominator. The final rule incorporates new requirements into the banking agencies' prompt corrective action framework and establishes limits on a banking organization's capital distributions and certain discretionary bonus payments if the banking organization does not hold a specified amount of common equity tier 1 capital in addition to the amount necessary to meet its minimum risk-based capital requirements. The final rule amends the methodologies for determining risk-weighted assets for all banking organizations, and introduces disclosure requirements that would apply to top-tier banking organizations domiciled in the United States with $50 billion or more in total assets. The final rule also adopts changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L. 111-203) to implement more stringent capital and leverage requirements and to replace regulatory references to credit ratings with new creditworthiness measures. In addition, the OCC has amended the market risk capital rule to apply to Federal savings associations. The final rule was published on October 11, 2013. 78 FR 62018.
Agency: Department of the Treasury(TREAS)	Priority: Economically Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: Yes	Unfunded Mandates: No
CFR Citation: 12 CFR 3 12 CFR 5 12 CFR 6 12 CFR 165 12 CFR 167
Legal Authority: 12 USC 1 et seq 12 USC 24a 12 USC 93a 12 USC 161 12 USC 215a-2 12 USC 215a-3 12 USC 481 12 USC 1462 to 1462a 12 USC 1463 to 1464 12 USC 1467a 12 USC 1818 12 USC 1828 note 12 USC 1828(n) 12 USC 1831n note 12 USC 1831o 12 USC 1835 12 USC 3907 12 USC 3909 12 USC 5412(b)(2)(B)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	08/30/2012	77 FR 52792
NPRM	08/30/2012	77 FR 52888
NPRM	08/30/2012	77 FR 52978
NPRM Comment Period End	10/22/2012
Final Action	10/11/2013	78 FR 62018
Final Action Effective	01/01/2014

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: Yes
Related RINs: Related to 1550-AC19, Related to 1557-AD51
Agency Contact: Carl Kaminski Assistant Director, Bank Advisory Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-5869 Email: carl.kaminski@occ.treas.gov