[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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  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.


0
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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