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FRS RIN: 7100-AF03 Publication ID: Fall 2022 
Title: Regulation H, Q, and YY--Regulatory Capital Rules: Regulatory Capital, Enhanced Supplementary Leverage Ratio Standards for U.S. 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) invited 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: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
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 Requested Comment Period End  05/21/2018 
Board Extended Comment Period  05/25/2018  83 FR 24233   
Board Extended Comment Period End  06/25/2018 
Next Action Undetermined  To Be Determined 
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:
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