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TREAS/OCC | RIN: 1557-AE60 | Publication ID: Fall 2019 |
Title: Revisions to the Supplemental Leverage Ratio to Exclude Certain Central Bank Deposits of Banking Organizations Predominantly Engaged in Custody, Safekeeping and Asset Servicing Activities | |
Abstract:
The OCC, FRB, and FDIC issued a proposed rule to implement section 402 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Section 402 directs the agencies to amend the supplementary leverage ratio under their regulatory capital rules to exclude certain central bank deposits of banking organizations predominantly engaged in custody, safekeeping, and asset servicing activities. Under the proposal, a banking organization that qualifies as a custodial banking organization would exclude deposits placed with certain central banks from the supplementary leverage ratio, subject to a specified limit. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously 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 CFR 3 | |
Legal Authority: 12 U.S.C. 93a 12 U.S.C. 161 12 U.S.C. 1462 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1818 12 U.S.C. 1828(n) 12 U.S.C. 1828 note 12 U.S.C. 1831n note 12 U.S.C. 1835 12 U.S.C. 3907 12 U.S.C. 3909 12 U.S.C. 5412(b)(2)(B) |
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 Information URL: https://www.regulations.gov/docket?D=OCC-2019-0001 | Public Comment URL: https://www.regulations.gov/docket?D=OCC-2019-0001 |
RIN Data Printed in the FR: No | |
Agency Contact: Ron Shimabukuro Senior Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6282 Email: ron.shimabukuro@occ.treas.gov Christopher Rafferty Attorney Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-8276 Email: christopher.rafferty@occ.treas.gov |