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| FDIC | RIN: 3064-AD95 | Publication ID: Fall 2013 |
| Title: Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardize Approach for Risk-Weighted Assets | |
| Abstract: The Federal Deposit Insurance Corporation ("FDIC") is adopting an interim final rule that revises its risk-based and leverage capital requirements for FDIC-supervised institutions. This interim final rule is substantially identical to a joint final rule issued by the Office of the Comptroller of the Currency ("OCC") and the Board of Governors of the Federal Reserve System ("Federal Reserve") (together, with the FDIC, "the agencies"). The interim final rule consolidates three separate notices of proposed rulemaking that the agencies jointly published in the Federal Register on August 30, 2012, with selected changes. The interim final rule implements a revised definition of regulatory capital, a new common equity tier 1 minimum capital requirement, higher minimum tier 1 capital requirement, and, for FDIC-supervised institutions subject to the advanced approaches risk-based capital rules, a supplementary leverage ratio that incorporates a broader set of exposures in the denominator. The interim final rule incorporates these new requirements into the FDIC's prompt corrective action ("PCA") framework. In addition, the interim final rule establishes limits on FDIC-supervised institutions' capital distributions an certain discretionary bonus payments if the FDIC-supervised institution 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 interim final rule amends the methodologies for determining risk-weighted assets for all FDIC-supervised institutions. The interim final rule also adopts changes to the FDIC's regulatory capital requirements that meet the requirements of section 171 and section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The interim final rule also codifies the FDIC's regulatory capital rules, which have previously resided in various appendices to their respective regulations, into a harmonized integrated regulatory framework. In addition, the FDIC is amending the market risk capital rule (market risk rule) to apply to state savings associations. The FDIC is issuing these revisions to its capital regulations as an interim final rule. The FDIC invites comments on the interaction of this rule with other proposed leverage ratio requirements applicable to large, systemically important banking organizations. This interim final rule otherwise contains regulatory text that is identical to the common rule text adopted as final rule by the Federal Reserve and the OCC. This interim final rule enables the FDIC to proceed on a unified, expedited basis with the other Federal banking agencies pending consideration of other issues. Specifically, the FDIC intends to evaluate this interim final rule in the context of the proposed well-capitalized and buffer levels of the supplementary leverage ratio applicable to large, systemically important banking organizations, as described in a separate Notice of Proposed Rulemaking ("NPRM"), titled, Regulatory Capital Rules: Regulatory Capital, Enhanced Supplementary Leverage Ratio Standards for Certain Bank Holding Companies and the Insured Depository Institutions They Control. The FDIC is seeking commenters' views on the interaction of this interim final rule with the proposed rule regarding the supplementary leverage ratio for large, systemically important banking organizations. | |
| Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Economically Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
| Major: Yes | Unfunded Mandates: No |
| CFR Citation: 12 CFR 324 12 CFR 325 12 CFR 362 12 CFR 390 | |
| Legal Authority: 12 USC 378 12 USC 1813 12 USC 1815 12 USC 1817 to 1820 | |
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Legal Deadline:
None |
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Timetable:
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| Additional Information: You must include FDIC as the agency name and RIN # 3064-AD95 in the subject line of your email. | |
| Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
| Small Entities Affected: Businesses | Federalism: No |
| Included in the Regulatory Plan: No | |
| International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest. | |
| Public Comment URL: http://www.fdic.gov/regulations/laws/federal/propose.html | |
| RIN Data Printed in the FR: Yes | |
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Agency Contact: Bobby R. Bean Associate Director Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6705 Email: bbean@fdic.gov Ryan Billingsley Chief, Capital Policy Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3797 Email: rbillingsley@fdic.gov Karl Reitz Chief, Capital Markets Strategies Section Federal Deposit Insurance Corporation 550 17th Street NW., Washington, DC 20429 Phone:202 898-6775 Email: kreitz@fdic.gov Mark Handzlik Counsel Federal Deposit Insurance Corporation 550 17th Street NW., Washington, DC 20429 Phone:202 898-3900 Email: mhandzlik@fdic.gov Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov |
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