Vol. 79 Wednesday,
No. 10 January 15, 2014
Part II
Federal Deposit Insurance Corporation
Semiannual Regulatory Agenda; Republication
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No. 10 January 15, 2014
Part II
Federal Deposit Insurance Corporation
Semiannual Regulatory Agenda; Republication
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2758 Federal Register / Vol. 79, No. 10 / Wednesday, January 15, 2014 / Unified Agenda
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Ch. III
Semiannual Agenda of Regulations;
Republication
Editorial Note: FR Doc. 2013–29649
originally published on pages 1281–1287 in
the issue of Tuesday, January 7, 2014. Due to
numerous errors, the preamble is being
reprinted in its entirety.
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Semiannual regulatory agenda.
SUMMARY: The Federal Deposit
Insurance Corporation (‘‘FDIC’’) is
hereby publishing items for the fall 2013
Unified Agenda of Federal Regulatory
and Deregulatory Actions. The agenda
contains information about FDIC’s
current and projected rulemakings,
existing regulations under review, and
completed rulemakings.
FOR FURTHER INFORMATION CONTACT:
Robert E. Feldman, Executive Secretary,
Federal Deposit Insurance Corporation,
550 17th Street NW., Washington, DC
20429.
SUPPLEMENTARY INFORMATION: Twice
each year, the FDIC publishes an agenda
of regulations to inform the public of its
regulatory actions and to enhance
public participation in the rulemaking
process. Publication of the agenda is in
accordance with the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.).
The FDIC amends its regulations under
the general rulemaking authority
prescribed in section 9 of the Federal
Deposit Insurance Act (12 U.S.C. 1819)
and under specific authority granted by
the Act and other statutes.
Final Rules
Regulatory Capital Rules: Regulatory
Capital, Implementation of Basel III
Capital Adequacy, Transition
Provisions, Prompt Corrective Action,
Standardize Approach for Risk-
Weighted Assets, Market Discipline and
Disclosure Requirements, Advanced
Approaches Risk-Based Capital Rule,
and Market Risk Capital Rule (3064–
AD95)
The Federal Deposit Insurance
Corporation (‘‘FDIC’’) is adopting an
interim final rule that revises its risk-
based and leverage capital requirements
for FDIC-supervised institutions. This
interim final rule is substantially
identical to a joint final rule issued by
the Office of the Comptroller of the
Currency and the Board of Governors of
the Federal Reserve System (together,
with the FDIC, ‘‘the agencies’’). The
interim final rule consolidates three
separate notices of proposed rulemaking
that the agencies jointly published in
the Federal Register on August 30,
2012, with selected changes. The
interim final rule implements a revised
definition of regulatory capital, a new
common equity tier 1 minimum capital
requirement, higher minimum tier 1
capital requirement, and, for FDIC-
supervised institutions subject to the
advanced approaches risk-based capital
rules, a supplementary leverage ratio
that incorporates a broader set of
exposures in the denominator. The
interim final rule incorporates these
new requirements into the FDIC’s
prompt corrective action framework. In
addition, the interim final rule
establishes limits on FDIC-supervised
institutions’ capital distributions and
certain discretionary bonus payments if
the FDIC-supervised institution does not
hold a specified amount of common
equity tier 1 capital in addition to the
amount necessary to meet its minimum
risk-based capital requirements. The
interim final rule amends the
methodologies for determining risk-
weighted assets for all FDIC-supervised
institutions. The interim final rule also
adopts changes to the FDIC’s regulatory
capital requirements that meet the
requirements of section 171 and section
939A of the Dodd-Frank Wall Street
Reform and Consumer Protection Act.
The interim final rule also codifies the
FDIC’s regulatory capital rules, which
have previously resided in various
appendices to their respective
regulations, into a harmonized
integrated regulatory framework.
Completed Actions
Recordkeeping Rules for Institutions
Operating Under the Exceptions or
Exemptions for Banks From the
Definitions of ‘‘Broker’’ or ‘‘Dealer’’ in
the Securities Exchange Act of 1934
(3064–AD80)
This RIN has been withdrawn for
further interagency action.
Regulatory Capital Rules (Part III):
Standardized Approach for Risk-
Weighted Assets; Market Discipline and
Disclosure Requirements (3064–AD96)
On August 30, 2012, the FDIC,
together with the Board of Governors of
the Federal Reserve System and Office
of the Comptroller of the Currency
(together, ‘‘the agencies’’) published in
the Federal Register a joint notice of
proposed rulemaking, titled, Regulatory
Capital Rules: Standardized Approach
for Risk-Weighted Assets; Market
Discipline and Disclosure
Requirements’’ (Standardized Approach
NPR or Proposed Rule). The Rule
revised and harmonized the agencies’
rules for calculating risk weighted assets
to enhance risk sensitivity and address
weaknesses identified over recent years,
including by incorporating certain
international capital standards of the
Basel Committee on Banking
Supervision (‘‘BCBS’’) set forth in the
standardized approach of the
international accord titled,
‘‘International Convergency of Capital
Measurement and Capital Standards: A
Revised Framework’’, as revised by the
BCBS in 2006 and 2009, as well as other
proposals set forth in consultative
papers of the BCBS. Section 3(a) of the
Regulatory Flexibility Act directs all
federal agencies to publish an initial
regulatory flexibility analysis, or a
summary thereof, describing the impact
of a proposed rule on small entities
anytime an agency is required to
publish a notice of proposed rulemaking
in the Federal Register. This Rule has
now been merged into 3064–AD95:
Regulatory Capital Rules: Regulatory
Capital, Implementation of Basel III
Capital Adequacy, Transition
Provisions, Prompt Corrective Action,
Standardize Approach for Risk-
Weighted Assets, Market Discipline and
Disclosure Requirements, Advanced
Approaches Risk-Based Capital Rule,
and Market Risk Capital Rule.
Regulatory Capital Rules: Advanced
Approaches Risk-Based Capital Rules;
Market Risk Capital Rule (3064–AD97)
The Office of the Comptroller of the
Currency, the Board of Governors of the
Federal Reserve System, and the Federal
Deposit Insurance Corporation
(collectively, the ‘‘Agencies’’) are
seeking comment on three notices of
proposed rulemaking (‘‘NPRMs’’) that
would revise and replace the Agencies’
current capital rules. In the NPRM
(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’’
that the agencies would apply only to
advanced approach banking
organizations. The NPRM 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
VerDate Mar<15>2010 16:58 Jan 14, 2014 Jkt 232001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\15JAP2.SGM 15JAP2
mstockstill on DSK4VPTVN1PROD with PROPOSALS2
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Ch. III
Semiannual Agenda of Regulations;
Republication
Editorial Note: FR Doc. 2013–29649
originally published on pages 1281–1287 in
the issue of Tuesday, January 7, 2014. Due to
numerous errors, the preamble is being
reprinted in its entirety.
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Semiannual regulatory agenda.
SUMMARY: The Federal Deposit
Insurance Corporation (‘‘FDIC’’) is
hereby publishing items for the fall 2013
Unified Agenda of Federal Regulatory
and Deregulatory Actions. The agenda
contains information about FDIC’s
current and projected rulemakings,
existing regulations under review, and
completed rulemakings.
FOR FURTHER INFORMATION CONTACT:
Robert E. Feldman, Executive Secretary,
Federal Deposit Insurance Corporation,
550 17th Street NW., Washington, DC
20429.
SUPPLEMENTARY INFORMATION: Twice
each year, the FDIC publishes an agenda
of regulations to inform the public of its
regulatory actions and to enhance
public participation in the rulemaking
process. Publication of the agenda is in
accordance with the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.).
The FDIC amends its regulations under
the general rulemaking authority
prescribed in section 9 of the Federal
Deposit Insurance Act (12 U.S.C. 1819)
and under specific authority granted by
the Act and other statutes.
Final Rules
Regulatory Capital Rules: Regulatory
Capital, Implementation of Basel III
Capital Adequacy, Transition
Provisions, Prompt Corrective Action,
Standardize Approach for Risk-
Weighted Assets, Market Discipline and
Disclosure Requirements, Advanced
Approaches Risk-Based Capital Rule,
and Market Risk Capital Rule (3064–
AD95)
The Federal Deposit Insurance
Corporation (‘‘FDIC’’) is adopting an
interim final rule that revises its risk-
based and leverage capital requirements
for FDIC-supervised institutions. This
interim final rule is substantially
identical to a joint final rule issued by
the Office of the Comptroller of the
Currency and the Board of Governors of
the Federal Reserve System (together,
with the FDIC, ‘‘the agencies’’). The
interim final rule consolidates three
separate notices of proposed rulemaking
that the agencies jointly published in
the Federal Register on August 30,
2012, with selected changes. The
interim final rule implements a revised
definition of regulatory capital, a new
common equity tier 1 minimum capital
requirement, higher minimum tier 1
capital requirement, and, for FDIC-
supervised institutions subject to the
advanced approaches risk-based capital
rules, a supplementary leverage ratio
that incorporates a broader set of
exposures in the denominator. The
interim final rule incorporates these
new requirements into the FDIC’s
prompt corrective action framework. In
addition, the interim final rule
establishes limits on FDIC-supervised
institutions’ capital distributions and
certain discretionary bonus payments if
the FDIC-supervised institution does not
hold a specified amount of common
equity tier 1 capital in addition to the
amount necessary to meet its minimum
risk-based capital requirements. The
interim final rule amends the
methodologies for determining risk-
weighted assets for all FDIC-supervised
institutions. The interim final rule also
adopts changes to the FDIC’s regulatory
capital requirements that meet the
requirements of section 171 and section
939A of the Dodd-Frank Wall Street
Reform and Consumer Protection Act.
The interim final rule also codifies the
FDIC’s regulatory capital rules, which
have previously resided in various
appendices to their respective
regulations, into a harmonized
integrated regulatory framework.
Completed Actions
Recordkeeping Rules for Institutions
Operating Under the Exceptions or
Exemptions for Banks From the
Definitions of ‘‘Broker’’ or ‘‘Dealer’’ in
the Securities Exchange Act of 1934
(3064–AD80)
This RIN has been withdrawn for
further interagency action.
Regulatory Capital Rules (Part III):
Standardized Approach for Risk-
Weighted Assets; Market Discipline and
Disclosure Requirements (3064–AD96)
On August 30, 2012, the FDIC,
together with the Board of Governors of
the Federal Reserve System and Office
of the Comptroller of the Currency
(together, ‘‘the agencies’’) published in
the Federal Register a joint notice of
proposed rulemaking, titled, Regulatory
Capital Rules: Standardized Approach
for Risk-Weighted Assets; Market
Discipline and Disclosure
Requirements’’ (Standardized Approach
NPR or Proposed Rule). The Rule
revised and harmonized the agencies’
rules for calculating risk weighted assets
to enhance risk sensitivity and address
weaknesses identified over recent years,
including by incorporating certain
international capital standards of the
Basel Committee on Banking
Supervision (‘‘BCBS’’) set forth in the
standardized approach of the
international accord titled,
‘‘International Convergency of Capital
Measurement and Capital Standards: A
Revised Framework’’, as revised by the
BCBS in 2006 and 2009, as well as other
proposals set forth in consultative
papers of the BCBS. Section 3(a) of the
Regulatory Flexibility Act directs all
federal agencies to publish an initial
regulatory flexibility analysis, or a
summary thereof, describing the impact
of a proposed rule on small entities
anytime an agency is required to
publish a notice of proposed rulemaking
in the Federal Register. This Rule has
now been merged into 3064–AD95:
Regulatory Capital Rules: Regulatory
Capital, Implementation of Basel III
Capital Adequacy, Transition
Provisions, Prompt Corrective Action,
Standardize Approach for Risk-
Weighted Assets, Market Discipline and
Disclosure Requirements, Advanced
Approaches Risk-Based Capital Rule,
and Market Risk Capital Rule.
Regulatory Capital Rules: Advanced
Approaches Risk-Based Capital Rules;
Market Risk Capital Rule (3064–AD97)
The Office of the Comptroller of the
Currency, the Board of Governors of the
Federal Reserve System, and the Federal
Deposit Insurance Corporation
(collectively, the ‘‘Agencies’’) are
seeking comment on three notices of
proposed rulemaking (‘‘NPRMs’’) that
would revise and replace the Agencies’
current capital rules. In the NPRM
(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’’
that the agencies would apply only to
advanced approach banking
organizations. The NPRM 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
VerDate Mar<15>2010 16:58 Jan 14, 2014 Jkt 232001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\15JAP2.SGM 15JAP2
mstockstill on DSK4VPTVN1PROD with PROPOSALS2