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FDIC | RIN: 3064-AE51 | Publication ID: Fall 2017 |
Title: Regulatory Capital Rules: To Rescind the FDIC's Capital Rules That are no Longer Effective Following the Implementation of Capital Rules Consistent With Basel III | |
Abstract:
This final rule rescinds the capital regulations in part 325 and subparts Y and Z of part 390 of the FDIC’s codified rules (the superseded capital rules) that were no longer effective following the January 1, 2015, implementation of the capital rules consistent with the Basel III initiatives. The final rule also makes conforming changes to sections in the FDIC’s codified rules that refer to the superseded capital rules. The FDIC has concluded that good cause exists to publish this rule as final without a period of notice and comment and with an effective date as of the date of its publication in the Federal Register because this rule rescinds the superseded capital rules and other sections of the FDIC’s codified rules that refer to the superseded capital rules and imposes no new requirement on FDIC-supervised institutions. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Routine and Frequent |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 303 | |
Legal Authority: 12 U.S.C. 378 12 U.S.C. 1464 12 U.S.C. 1813 12 U.S.C. 1815 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov Rachel J. Ackmann Senior Attorney Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6858 Email: rackmann@fdic.gov |