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FRS RIN: 7100-AG11 Publication ID: Fall 2022 
Title: Amendment to the Capital Rule to Facilitate the Emergency Capital Investment Program (Docket No: R-1741) 
Abstract:

In order to support and facilitate the timely implementation and acceptance of the Congressionally authorized Emergency Capital Investment Program (ECIP) for the Department of the Treasury to make capital investments in low- and moderate-income community financial institutions, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (together, the Agencies) are issuing an interim final rule that provides that preferred stock issued under ECIP qualifies as additional tier 1 capital and that subordinated debt issued under ECIP qualifies as tier 2 capital 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: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 217   
Legal Authority: 5 U.S.C. 553    5 U.S.C. 801   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment on Interim Final Rule  03/22/2021  86 FR 15076   
Interim Final Rule Comment Period End  05/21/2021 
Next Action Undetermined  To Be Determined 
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:
Mark Buresh
Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-5270

Mary Watkins
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3722

Naima Jefferson
Lead Financial Institution Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 912-4613

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

David Imhoff
Attorney
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2249