[Federal Register Volume 78, Number 245 (Friday, December 20, 2013)]
[Rules and Regulations]
[Page 76973]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-29883]
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Rules and Regulations
Federal Register
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to and codified in the Code of Federal Regulations, which is published
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Federal Register / Vol. 78, No. 245 / Friday, December 20, 2013 /
Rules and Regulations
[[Page 76973]]
FEDERAL RESERVE SYSTEM
12 CFR Parts 208, 217, and 225 Regulations H, Q, and Y
[Docket No. R-1442]
RIN 7100-AD 87
Regulatory Capital Rules: Regulatory Capital, Implementation of
Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective
Action, Standardized Approach for Risk-Weighted Assets, Market
Discipline and Disclosure Requirements, Advanced Approaches Risk-Based
Capital Rule, and Market Risk Capital Rule
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Correction, final rule.
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SUMMARY: The Board of Governors of the Federal Reserve System published
in the Federal Register of October 11, 2013, a document adopting a
final rule that revises its risk-based and leverage capital
requirements for banking organizations. This document adds an
acceleration clause under the capital components and eligibility
criteria for regulatory capital instruments and corrects an incorrect
citation.
DATES: Effective Date: January 1, 2014.
FOR FURTHER INFORMATION CONTACT: Benjamin McDonough, Senior Counsel,
(202) 452-2036; or David Alexander, Senior Attorney, (202) 452-2877.
SUPPLEMENTARY INFORMATION: The Board published a document in the
Federal Register of October 11, 2013, adopting a final rule that
revises its risk-based and leverage capital requirements for banking
organizations. An allowance for additional circumstances under which an
acceleration clause would be permitted under the capital components and
eligibility criteria for regulatory capital instruments was
inadvertently omitted from that notice.
In addition, this notice corrects an incorrect citation to the
authority for 12 CFR part 208.
In the Final Rule, FR Doc. 2013-21653, published on October 11,
2013 (78 FR 62018), please correct the following:
PART 208--[AMENDED]
0
1. Revise the authority for 12 CFR part 208 to read as follows:
Authority: 12 U.S.C. 24, 36, 92a, 93a, 248(a), 248(c), 321-338a,
371d, 461, 481-486, 601, 611, 1814, 1816, 1818, 1820(d)(9), 1823(j),
1828(o), 1831, 1831o, 1831p-1, 1831r-1, 1831w, 1831x, 1835a, 1882,
2901-2907, 3105, 3310, 3331-3351, 3905-3909, and 5371; 15 U.S.C.
78b, 78I(b), 78l(i), 780-4(c)(5), 78q, 78q-1, and 78w, 1681s, 1681w,
6801, and 6805; 31 U.S.C. 5318; 42 U.S.C. 4012a, 4104a, 4104b, 4106
and 4128.
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2. In Sec. 217.20, under amendatory instruction 49A, revise paragraph
(d)(1)(vi) to read as follows:
Sec. 217.20 Capital components and eligibility criteria for
regulatory capital instruments.
* * * * *
(vi) The holder of the instrument must have no contractual right to
accelerate payment of principal or interest on the instrument, except
in the event of a receivership, insolvency, liquidation, or similar
proceeding of the state member bank or depository institution holding
company, as applicable, or of a major subsidiary depository institution
of the depository institution holding company.
* * * * *
By order of the Board of Governors of the Federal Reserve
System, December 11, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-29883 Filed 12-19-13; 8:45 am]
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