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FRS RIN: 7100-AF53 Publication ID: Fall 2019 
Title: ●Regulatory Capital Rules: Treatment of Land Development Loans for the Definition of High Volatility Commercial Real Estate Exposure (Docket No: R-1669) 

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 issuing a notice of proposed rulemaking (proposal) to seek comment on the treatment of loans that finance the development of land for purposes of the one- to four-family residential properties exclusion in the definition of high volatility commercial real estate (HVCRE) exposure in the Agencies’ regulatory capital rule. This proposal expands upon the notice of proposed rulemaking (HVCRE NPR) issued on September 28, 2018, which proposed to revise the definition of HVCRE exposure in the regulatory capital rule 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).


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 225   
Legal Authority: 5 U.S.C. 601    44 U.S.C. 3501    44 U.S.C. 3507   
Legal Deadline:  None
Action Date FR Cite
Board Requested Comment  07/23/2019  84 FR 35344   
Comment Period End  08/22/2019 
Board Expects Further Action  12/00/2019 
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
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 475-6316

Andrew Willis
Lead Fin Inst Policy Analyst
Federal Reserve System
Division of Banking Supervision and Regulations,
Washington, DC 20551
Phone:202 912-4323

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