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FRS | RIN: 7100-AF15 | Publication ID: Spring 2019 |
Title: ●Regulation Q--Regulatory Capital Treatment for High Volatility Commercial Real Estate (HVCRE) Exposures (Docket No: R-1621) | |
Abstract:
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) are proposing to amend the regulatory capital rule to revise the definition of "high volatility commercial real estate (HVCRE) exposure" to conform to the statutory definition of "high volatility commercial real estate acquisition, development, or construction (HVCRE ADC) loan," in accordance with section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Additionally, to facilitate the consistent application of the revised HVCRE exposure definition, the agencies propose to interpret certain terms in the revised HVCRE exposure definition generally consistent with their usage in other relevant regulations or the instructions to the Consolidated Reports of Condition and Income (Call Report), where applicable, and request comment on whether any other terms in the revised definition would also require interpretation. |
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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 217 12 CFR 324 | |
Legal Authority: 12 U.S.C. 1811 |
Legal Deadline:
None |
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Timetable:
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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 Andrew Willis Lead Financial Institution Policy Analyst Federal Reserve System Division of Banking Supervision and Regulations, Washington, DC 20551 Phone:202 912-4323 |