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FRS RIN: 7100-AF29 Publication ID: Fall 2019 
Title: Regulation Q--Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations (Docket No: R-1638) 

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) are inviting public comment on a notice of proposed rulemaking (proposal) that would provide for a simple measure of capital adequacy for certain community banking organizations, consistent with section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.  Under the proposal, most depository institutions and depository institution holding companies that have less than $10 billion in total consolidated assets, that meet risk-based qualifying criteria, and that have a community bank leverage ratio (as defined in the proposal) of greater than 9 percent would be eligible to opt into a community bank leverage ratio framework.  Such banking organizations that elect to use the community bank leverage ratio and that maintain a community bank leverage ratio of greater than 9 percent would not be subject to other risk-based and leverage capital requirements and would be considered to have met the well capitalized ratio requirements for purposes of section 38 of the Federal Deposit Insurance Act and regulations implementing that section, as applicable, and the generally applicable capital requirements under the agencies' capital rule.

Agency: Federal Reserve System(FRS)  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 303    12 CFR 324    12 CFR 337    12 CFR 362   
Legal Authority: 12 U.S.C. 5371   
Legal Deadline:  None
Action Date FR Cite
Board Requested Comment  02/08/2019  84 FR 3062   
Board Expects Further Action  11/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Laurie Schaffer
Deputy General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2272

Juan Climent
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 872-7526