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FDIC | RIN: 3064-AE59 | Publication ID: Fall 2017 |
Title: Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) | |
Abstract:
In March 2017, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) submitted a report to Congress pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996, in which they committed to meaningfully reduce regulatory burden, especially on community banking organizations. Consistent with that commitment, the agencies are inviting public comment on a notice of proposed rulemaking that would simplify compliance with certain aspects of the capital rule. A majority of the proposed simplifications would apply solely to banking organizations that are not subject to the advanced approaches capital rule (non-advanced approaches banking organizations). Specifically, the agencies are proposing that non-advanced approaches banking organizations apply a simpler regulatory capital treatment for: (i) mortgage servicing assets; (ii) certain deferred tax assets arising from temporary differences; (iii) investments in the capital of unconsolidated financial institutions; and (iv) capital issued by a consolidated subsidiary of a banking organization and held by third parties (minority interest). More generally, the proposal also includes revisions to the treatment of certain acquisition, development, or construction exposures that are designed to address comments regarding the current definition of high volatility commercial real estate under the capital rule’s standardized approach. The proposed revisions to the treatment of acquisition, development, or construction exposures would not apply to those exposures that are outstanding or committed prior to the proposed rule’s effective date. In addition to the proposed simplifications, the agencies also are proposing various additional clarifications and technical amendments to the agencies’ capital rule, which would apply to both non-advanced approaches banking organizations and advanced approaches banking organizations. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 324 | |
Legal Authority: 12 U.S.C. 1815(a) 12 U.S.C. 1815(b) 12 U.S.C. 1816 12 U.S.C. 1818(a) |
Legal Deadline:
None |
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Timetable:
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Additional Information: Email comments to Comments@fdic.gov. Include FDIC and RIN 3064-AE59 in the subject line of the email. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fdic.gov/regulations/laws/federal/propose.html | Public Comment URL: www.fdic.gov/regulations/laws/federal/propose.html |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: FRS, TREAS/OCC; | |
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 Benedetto Bosco Chief, Capital Policy Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20459 Phone:202 898-6853 Email: bbosco@fdic.gov 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 Catherine S. Wood Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20459 Phone:202 898-3788 Email: cawood@fdic.gov |