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 However, the HVCRE portion of this proposal was subsequently superseded by section 214 of the Economic Growth, Regulatory Reform, and Consumer Protection Act.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