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TREAS/OCC | RIN: 1557-AE10 | Publication ID: Fall 2017 |
Title: Capital Simplification Rule | |
Abstract:
The OCC, FRB, and FDIC plan to issue a rule to simplify the generally applicable framework with the goal of meaningfully reducing regulatory burden on community banking organizations while at the same time maintaining safety and soundness and the quality and quantity of regulatory capital in the banking system. Such amendments include: (1) replacing the framework’s complex treatment of high volatility commercial real estate (HVCRE) exposures with a more straightforward treatment for most acquisition, development, or construction (ADC) loans; (2) simplifying the current regulatory capital treatment for mortgage servicing assets (MSAs), timing difference deferred tax assets (DTAs), and holdings of regulatory capital instruments issued by financial institutions; and (3) simplifying the current limitations on minority interest in regulatory capital. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 3 | |
Legal Authority: 12 U.S.C. 93(a) 12 U.S.C. 161 12 U.S.C. 1462 12 U.S.C. 1462(a) 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1818 12 U.S.C. 1828(n) 12 U.S.C. 1828 (note) 12 U.S.C. 1831(n) (note) 12 U.S.C. 1835 12 U.S.C. 3907 12 U.S.C. 3909 12 U.S.C. 5412(b)(2)(B) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Federalism: Undetermined | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Rima Kundnani Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-5545 Email: rima.kundnani@occ.treas.gov 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 |