[Federal Register Volume 79, Number 10 (Wednesday, January 15, 2014)]
[Proposed Rules]
[Pages 2758-2759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: R1-2013-29649]



[[Page 2757]]

Vol. 79

Wednesday,

No. 10

January 15, 2014

Part II





Federal Deposit Insurance Corporation





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Semiannual Regulatory Agenda; Republication

  Federal Register / Vol. 79 , No. 10 / Wednesday, January 15, 2014 / 
Unified Agenda  

[[Page 2758]]


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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.

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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

[[Page 2759]]

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 (the ``Dodd-Frank Act''). These revisions 
include replacing reference to credit ratings with alternative 
standards of creditworthiness consistent with section 939A of the Dodd-
Frank Act. 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.

    Federal Deposit Insurance Corporation.

Robert E. Feldman,
Executive Secretary.


[FR Doc. 2013-29649 Filed 1-6-14; 8:45 a.m.]


    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.

[FR Doc. R1-2013-29649 Filed 1-14-14; 8:45 am]
BILLING CODE 1505-01-D