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TREAS/OCC | RIN: 1557-AE48 | Publication ID: Fall 2019 |
Title: Capital: High Volatility Commercial Real Estate Exposure | |
Abstract:
The OCC, FRB, and FDIC issued a proposed rule to implement section 214 of the EGRRCPA, which provides that, effective upon enactment, the agencies may require a depository institution to assign a heightened risk weight to a high volatility commercial real estate exposure only if such exposure is a High Volatility Commercial Real Estate Exposure (HVCRE) ADC Loan, as defined in section 214. Because the statutory definition of HVCRE ADC Loan set forth in the EGRRPCPA is narrower than the current regulatory definition of HVCRE exposure, the Federal banking agencies intend to revise their rules to make them consistent with section 214 and to clarify the meaning of certain terms referenced in the definition of HVCRE ADC Loan. In addition, the OCC, FRB, and FDIC have approved a second notice of proposed rulemaking to request additional comment on the treatment of loans that finance the development of land under the one- to four-family residential properties exclusion in the definition of HVCRE exposure in the agencies’ regulatory capital rule. |
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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. 93a 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. 1831n (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/docket?D=OCC-2018-0026 | Public Comment URL: https://www.regulations.gov/docket?D=OCC-2018-0026 |
RIN Data Printed in the FR: No | |
Agency Contact: 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 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 |