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FRS RIN: 7100-AF03 Publication ID: Fall 2018 
Title: ●Regulation H, Q, and YY--Regulatory Capital Rules: Regulatory Capital, Enhanced Supplementary Leverage Ratio Standards for US Global Systemically Important Bank Holding Companies (Docket No: R-1604) 
Abstract:

The Board of Governors of the Federal Reserve System (Board) and the Office of the Comptroller of the Currency (OCC) are seeking comment on a proposal that would modify the enhanced supplementary leverage ratio standards for U.S. top-tier bank holding companies identified as global systemically important bank holding companies, or GSIBs, and certain of their insured depository institutions subsidiaries. Specifically, the proposal would modify the current 2 percent leverage buffer, which applies to each GSIB, to equal 50 percent of the firm's GSIB risk-based capital surcharge.  The proposal also would require a Board- or OCC-regulated insured depository institution subsidiary of a GSIB to maintain a supplementary leverage ratio of at least 3 percent plus 50 percent of the GSIB risk-based surcharge applicable to its top-tier holding company in order to be deemed "well capitalized" under the Board's and OCC's prompt corrective action rules.  Consistent with this approach to establishing enhanced supplementary leverage ratio standards for insured depository institutions, the OCC is proposing to revise the methodology it uses to identify which national banks and Federal savings association are subject to the enhanced supplementary leverage ratio standards to ensure that they apply only to those national banks and Federal savings associations that are subsidiaries of a Board-identified GSIB.  The Board also is seeking comment on a proposal to make conforming modifications to the GSIB leverage buffer of the Board's total loss-absorbing capacity and long-term debt requirements and other minor amendments to the buffer levels, covered intermediate holding company conformance period, methodology for calculating the covered intermediate holding company long-term debt amount, and external total loss-absorbing capacity risk-weighted buffer.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time 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 208    12 CFR 217   
Legal Authority: 12 U.S.C. 1831   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  04/19/2018  83 FR 17317   
Board Expects Further Action  12/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Constance Horsley
Deputy Associate Director
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 452-5239

Elizabeth MacDonald
Manager
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 475-6316

Holly Kirkpatrick
Supervisory Financial Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 452-2796

Benjamin McDonough
Associate General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2036

David Alexander
Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2877

Greg Frischmann
Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2803