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FDIC | RIN: 3064-AE63 | Publication ID: Fall 2017 |
Title: ●Regulatory Capital Rules: Retention of Certain Existing Transition Provisions for Banking Organizations That Are Not Subject to the Advanced Approaches Capital Rules | |
Abstract:
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) invited public comment on a notice of proposed rulemaking that would extend the current treatment under the regulatory capital rules (capital rules) for certain regulatory capital deductions and risk weights and certain minority interest requirements, as they apply to banking organizations that are not subject to the advanced approaches capital rules (non-advanced approaches banking organizations). Specifically, for non-advanced approaches banking organizations, the agencies propose to extend the current regulatory capital treatment of: (i) mortgage servicing assets; (ii) deferred tax assets arising from temporary differences that could not be realized through net operating loss carrybacks; (iii) significant investments in the capital of unconsolidated financial institutions in the form of common stock; (iv) non-significant investments in the capital of unconsolidated financial institutions; (v) significant investments in the capital of unconsolidated financial institutions that are not in the form of common stock; and (vi) common equity tier 1 minority interest, tier 1 minority interest, and total capital minority interest exceeding the capital rules' minority interest limitations. The agencies expect in the near term to issue a separate NPR seeking public comment on a proposal to simplify the regulatory capital treatment of these items. Providing the proposed extension to non-advanced approaches banking organizations for these items would avoid potential burden on banking organizations that maybe subject in the near future to a different regulatory capital treatment for these items. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 C.F.R. 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: E-mail: comments@FDIC.gov. Include the RIN 3064-AE63 on the subject line of the message. | |
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: 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 Catherine S. Wood Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20459 Phone:202 898-3788 Email: cawood@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 |