Counsel

1557-AE10 201904 Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996

The OCC, FRB, and FDIC issued a notice of proposed rulemaking to simplify certain aspects of the generally applicable capital framework with the goal of meaningfully reducing regulatory burden on community banking organizations while at the same time maintaining safety and soundness and the quality and quantity of regulatory capital in the banking system. Specifically, this proposed rule would revise the regulatory capital requirements for concentrations of mortgage servicing assets (MSA), temporary difference deferred tax assets (DTA), and holdings of regulatory capital instruments issued by other financial institutions; and it would simplify the current limitations on minority interest includable in regulatory capital. In addition, the proposed rule would make certain technical amendments to capital requirements applicable all banks. This proposal also included revisions to the treatment of high volatility commercial real estate (HVCRE) exposures. However, the HVCRE portion of this proposal was subsequently superseded by section 214 of the Economic Growth, Regulatory Reform, and Consumer Protection Act.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage Undetermined No Independent agency 12 CFR 3 12 U.S.C. 93(a) 12 U.S.C. 161 12 U.S.C. 1462 12 U.S.C. 1462(a) 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. 1831(n) (note) 12 U.S.C. 1835 12 U.S.C. 3907 12 U.S.C. 3909 12 U.S.C. 5412(b)(2)(B) No NPRM 10/27/2017 82 FR 49984 NPRM Comment Period End 12/26/2017 Final Rule 05/00/2019 No None No No https://www.regulations.gov/searchResults?rpp=25&po=0&s=occ-2017-0018&fp=true&ns=true https://www.regulations.gov/docketBrowser?rpp=25&so=DESC&sb=commentDueDate&po=0&dct=PS&D=OCC-2017-0018 No No Rima Kundnani Counsel 1557 Comptroller of the Currency OCC 202 649-5545 rima.kundnani@occ.treas.gov Chief Counsel's Office, 400 7th Street SW., Washington DC 20219 Carl Kaminski Assistant Director 1557 Comptroller of the Currency OCC 202 649-5490 carl.kaminski@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219