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TREAS/OCC RIN: 1557-AE10 Publication ID: Spring 2019 
Title: Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 
Abstract:

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 However, the HVCRE portion of this proposal was subsequently superseded by section 214 of the Economic Growth, Regulatory Reform, and Consumer Protection Act.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 3   
Legal Authority: 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)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/27/2017  82 FR 49984   
NPRM Comment Period End  12/26/2017 
Final Rule  05/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.regulations.gov/searchResults?rpp=25&po=0&s=occ-2017-0018&fp=true&ns=true   Public Comment URL: https://www.regulations.gov/docketBrowser?rpp=25&so=DESC&sb=commentDueDate&po=0&dct=PS&D=OCC-2017-0018  
RIN Data Printed in the FR: No 
Agency Contact:
Rima Kundnani
Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-5545
Email: rima.kundnani@occ.treas.gov

Carl Kaminski
Assistant Director, Bank Advisory
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW,
Washington, DC 20219
Phone:202 649-5869
Email: carl.kaminski@occ.treas.gov