Vol. 77 Thursday,
No. 169 August 30, 2012
Part IV
Department of the Treasury
Office of the Comptroller of the Currency
12 CFR Part 3
Federal Reserve System
12 CFR Part 217
Federal Deposit Insurance Corporation
12 CFR Parts 324, 325
Regulatory Capital Rules: Advanced Approaches Risk-Based Capital Rule;
Market Risk Capital Rule; Proposed Rule
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No. 169 August 30, 2012
Part IV
Department of the Treasury
Office of the Comptroller of the Currency
12 CFR Part 3
Federal Reserve System
12 CFR Part 217
Federal Deposit Insurance Corporation
12 CFR Parts 324, 325
Regulatory Capital Rules: Advanced Approaches Risk-Based Capital Rule;
Market Risk Capital Rule; Proposed Rule
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52978 Federal Register / Vol. 77, No. 169 / Thursday, August 30, 2012 / Proposed Rules
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 3
[Docket No. ID OCC–2012–0010]
RIN 1557–AD46
FEDERAL RESERVE SYSTEM
12 CFR Part 217
[Regulation Q; Docket No. R–1442]
RIN 7100 AD–87
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Parts 324 and 325
RIN 3064–AD97
Regulatory Capital Rules: Advanced
Approaches Risk-Based Capital Rule;
Market Risk Capital Rule
AGENCY: Office of the Comptroller of the
Currency, Treasury; the Board of
Governors of the Federal Reserve
System; and the Federal Deposit
Insurance Corporation.
ACTION: Joint notice of proposed
rulemaking.
SUMMARY: The Office of the Comptroller
of the Currency (OCC), the Board of
Governors of the Federal Reserve
System (Board), and the Federal Deposit
Insurance Corporation (FDIC)
(collectively, the agencies) are seeking
comment on three notices of proposed
rulemaking (NPRs) that would revise
and replace the agencies’ current capital
rules.
In this NPR (Advanced Approaches
and Market Risk NPR) the agencies are
proposing to revise the advanced
approaches risk-based capital rule to
incorporate certain aspects of ‘‘Basel III:
A Global Regulatory Framework for
More Resilient Banks and Banking
Systems’’ (Basel III) that the agencies
would apply only to advanced approach
banking organizations. This NPR also
proposes other changes to the advanced
approaches rule that the agencies
believe are consistent with changes by
the Basel Committee on Banking
Supervision (BCBS) to its ‘‘International
Convergence of Capital Measurement
and Capital Standards: A Revised
Framework’’ (Basel II), as revised by the
BCBS between 2006 and 2009, and
recent consultative papers published by
the BCBS. The agencies also propose to
revise the advanced approaches risk-
based capital rule to be consistent with
Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (Dodd-
Frank Act). These revisions include
replacing references to credit ratings
with alternative standards of
creditworthiness consistent with section
939A of the Dodd-Frank Act.
Additionally, the OCC and FDIC are
proposing that the market risk capital
rule be applicable to federal and state
savings associations, and the Board is
proposing that the advanced approaches
and market risk capital rules apply to
top-tier savings and loan holding
companies domiciled in the United
States that meet the applicable
thresholds. In addition, this NPR would
codify the market risk rule consistent
with the proposed codification of the
other regulatory capital rules across the
three proposals.
DATES: Comments must be submitted on
or before October 22, 2012.
ADDRESSES: Comments should be
directed to:
OCC: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by the
Federal eRulemaking Portal or email, if
possible. Please use the title ‘‘Regulatory
Capital Rules: Advanced Approaches
Risk-based Capital Rule; Market Risk
Capital Rule’’ to facilitate the
organization and distribution of the
comments. You may submit comments
by any of the following methods:
• Federal eRulemaking Portal—
‘‘Regulations.gov’’: Go to http://
www.regulations.gov, under the ‘‘More
Search Options’’ tab click next to the
‘‘Advanced Docket Search’’ option
where indicated, select ‘‘Comptroller of
the Currency’’ from the agency drop-
down menu, and then click ‘‘Submit.’’
In the ‘‘Docket ID’’ column, select
‘‘OCC–2012–0010’’ to submit or view
public comments and to view
supporting and related materials for this
proposed rule. The ‘‘How to Use This
Site’’ link on the Regulations.gov home
page provides information on using
Regulations.gov, including instructions
for submitting or viewing public
comments, viewing other supporting
and related materials, and viewing the
docket after the close of the comment
period.
• Email:
regs.comments@occ.treas.gov.
• Mail: Office of the Comptroller of
the Currency, 250 E Street SW., Mail
Stop 2–3, Washington, DC 20219.
• Fax: (202) 874–5274.
• Hand Delivery/Courier: 250 E Street
SW., Mail Stop 2–3, Washington, DC
20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘Docket
Number OCC–2012–0010’’ in your
comment. In general, OCC will enter all
comments received into the docket and
publish them on the Regulations.gov
Web site without change, including any
business or personal information that
you provide such as name and address
information, email addresses, or phone
numbers. Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure. You
may review comments and other related
materials that pertain to this notice by
any of the following methods:
• Viewing Comments Electronically:
Go to http://www.regulations.gov. Select
‘‘Document Type’’ of ‘‘Public
Submissions,’’ in ‘‘Enter Keyword or ID
Box,’’ enter Docket ID ‘‘OCC–2012–
0010,’’ and click ‘‘Search.’’ Comments
will be listed under ‘‘View By
Relevance’’ tab at bottom of screen. If
comments from more than one agency
are listed, the ‘‘Agency’’ column will
indicate which comments were received
by the OCC.
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 250 E Street SW.,
Washington, DC. For security reasons,
the OCC requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 874–4700.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
• Docket: You may also view or
request available background
documents and project summaries using
the methods described above.
Board: When submitting comments,
please consider submitting your
comments by email or fax because paper
mail in the Washington, DC area and at
the Board may be subject to delay. You
may submit comments, identified by
Docket No. [XX][XX], by any of the
following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email:
regs.comments@federalreserve.gov.
Include docket number in the subject
line of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 3
[Docket No. ID OCC–2012–0010]
RIN 1557–AD46
FEDERAL RESERVE SYSTEM
12 CFR Part 217
[Regulation Q; Docket No. R–1442]
RIN 7100 AD–87
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Parts 324 and 325
RIN 3064–AD97
Regulatory Capital Rules: Advanced
Approaches Risk-Based Capital Rule;
Market Risk Capital Rule
AGENCY: Office of the Comptroller of the
Currency, Treasury; the Board of
Governors of the Federal Reserve
System; and the Federal Deposit
Insurance Corporation.
ACTION: Joint notice of proposed
rulemaking.
SUMMARY: The Office of the Comptroller
of the Currency (OCC), the Board of
Governors of the Federal Reserve
System (Board), and the Federal Deposit
Insurance Corporation (FDIC)
(collectively, the agencies) are seeking
comment on three notices of proposed
rulemaking (NPRs) that would revise
and replace the agencies’ current capital
rules.
In this NPR (Advanced Approaches
and Market Risk NPR) the agencies are
proposing to revise the advanced
approaches risk-based capital rule to
incorporate certain aspects of ‘‘Basel III:
A Global Regulatory Framework for
More Resilient Banks and Banking
Systems’’ (Basel III) that the agencies
would apply only to advanced approach
banking organizations. This NPR also
proposes other changes to the advanced
approaches rule that the agencies
believe are consistent with changes by
the Basel Committee on Banking
Supervision (BCBS) to its ‘‘International
Convergence of Capital Measurement
and Capital Standards: A Revised
Framework’’ (Basel II), as revised by the
BCBS between 2006 and 2009, and
recent consultative papers published by
the BCBS. The agencies also propose to
revise the advanced approaches risk-
based capital rule to be consistent with
Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (Dodd-
Frank Act). These revisions include
replacing references to credit ratings
with alternative standards of
creditworthiness consistent with section
939A of the Dodd-Frank Act.
Additionally, the OCC and FDIC are
proposing that the market risk capital
rule be applicable to federal and state
savings associations, and the Board is
proposing that the advanced approaches
and market risk capital rules apply to
top-tier savings and loan holding
companies domiciled in the United
States that meet the applicable
thresholds. In addition, this NPR would
codify the market risk rule consistent
with the proposed codification of the
other regulatory capital rules across the
three proposals.
DATES: Comments must be submitted on
or before October 22, 2012.
ADDRESSES: Comments should be
directed to:
OCC: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by the
Federal eRulemaking Portal or email, if
possible. Please use the title ‘‘Regulatory
Capital Rules: Advanced Approaches
Risk-based Capital Rule; Market Risk
Capital Rule’’ to facilitate the
organization and distribution of the
comments. You may submit comments
by any of the following methods:
• Federal eRulemaking Portal—
‘‘Regulations.gov’’: Go to http://
www.regulations.gov, under the ‘‘More
Search Options’’ tab click next to the
‘‘Advanced Docket Search’’ option
where indicated, select ‘‘Comptroller of
the Currency’’ from the agency drop-
down menu, and then click ‘‘Submit.’’
In the ‘‘Docket ID’’ column, select
‘‘OCC–2012–0010’’ to submit or view
public comments and to view
supporting and related materials for this
proposed rule. The ‘‘How to Use This
Site’’ link on the Regulations.gov home
page provides information on using
Regulations.gov, including instructions
for submitting or viewing public
comments, viewing other supporting
and related materials, and viewing the
docket after the close of the comment
period.
• Email:
regs.comments@occ.treas.gov.
• Mail: Office of the Comptroller of
the Currency, 250 E Street SW., Mail
Stop 2–3, Washington, DC 20219.
• Fax: (202) 874–5274.
• Hand Delivery/Courier: 250 E Street
SW., Mail Stop 2–3, Washington, DC
20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘Docket
Number OCC–2012–0010’’ in your
comment. In general, OCC will enter all
comments received into the docket and
publish them on the Regulations.gov
Web site without change, including any
business or personal information that
you provide such as name and address
information, email addresses, or phone
numbers. Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure. You
may review comments and other related
materials that pertain to this notice by
any of the following methods:
• Viewing Comments Electronically:
Go to http://www.regulations.gov. Select
‘‘Document Type’’ of ‘‘Public
Submissions,’’ in ‘‘Enter Keyword or ID
Box,’’ enter Docket ID ‘‘OCC–2012–
0010,’’ and click ‘‘Search.’’ Comments
will be listed under ‘‘View By
Relevance’’ tab at bottom of screen. If
comments from more than one agency
are listed, the ‘‘Agency’’ column will
indicate which comments were received
by the OCC.
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 250 E Street SW.,
Washington, DC. For security reasons,
the OCC requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 874–4700.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
• Docket: You may also view or
request available background
documents and project summaries using
the methods described above.
Board: When submitting comments,
please consider submitting your
comments by email or fax because paper
mail in the Washington, DC area and at
the Board may be subject to delay. You
may submit comments, identified by
Docket No. [XX][XX], by any of the
following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email:
regs.comments@federalreserve.gov.
Include docket number in the subject
line of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
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