[Federal Register Volume 84, Number 38 (Tuesday, February 26, 2019)]
[Proposed Rules]
[Page 6107]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03249]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF TREASURY

Office of the Comptroller of the Currency

12 CFR Parts 3 and 32

[Docket ID OCC-2018-0030]
RIN 1557-AE44

FEDERAL RESERVE SYSTEM

12 CFR Part 217

[Docket R-1629]
RIN 7100-AF22

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 324

RIN 3064-AE80


Notice, Extension of Comment Period; Standardized Approach for 
Calculating the Exposure Amount of Derivatives Contracts

AGENCY: The Board of Governors of the Federal Reserve System; the 
Federal Deposit Insurance Corporation, and the Office of the 
Comptroller of the Currency, Treasury.

ACTION: Notice; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On December 17, 2018, the Board of Governors of the Federal 
Reserve System (Board), the Federal Deposit Insurance Corporation 
(FDIC), and the Office of the Comptroller of the Currency (OCC) 
(collectively, the agencies) published in the Federal Register a 
proposal to amend the agencies' capital rule to implement the 
Standardized Approach for Calculating the Exposure Amount of 
Derivatives Contracts. The agencies have determined that an extension 
of the comment period until March 18, 2019, is appropriate.

DATES: Comments must be received by March 18, 2019.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal.

FOR FURTHER INFORMATION CONTACT: 
    OCC: Guowei Zhang, Risk Expert, Capital Policy, (202) 649-7106; 
Kevin Korzeniewski, Counsel, (202) 649-5490; or Ron Shimabukuro, Senior 
Counsel, (202) 649-5490, or, for persons who are deaf or hearing 
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
    Board: Constance M. Horsley, Deputy Associate Director, (202) 452-
5239; David Lynch, Deputy Associate Director, (202) 452-2081; Elizabeth 
MacDonald, Manager, (202) 475-6316; Michael Pykhtin, Manager, (202) 
912-4312; Mark Handzlik, Senior Supervisory Financial Analyst, (202) 
475-6636; Sara Saab, Supervisory Financial Analyst, (202) 872-4936; or 
Noah Cuttler, Senior Financial Analyst, (202) 912-4678; Division of 
Supervision and Regulation; or Benjamin W. McDonough, Assistant General 
Counsel, (202) 452-2036; Gillian Burgess, Senior Counsel, (202) 736-
5564; Mark Buresh, Counsel, (202) 452-5270; Andrew Hartlage, Counsel, 
(202) 452-6483; Legal Division, Board of Governors of the Federal 
Reserve System, 20th and C Streets NW, Washington, DC 20551. For the 
hearing impaired only, Telecommunication Device for the Deaf, (202) 
263-4869.
    FDIC: Bobby R. Bean, Associate Director, [email protected]; Irina 
Leonova, Senior Policy Analyst, [email protected]; Peter Yen, Senior 
Policy Analyst, [email protected], Capital Markets Branch, Division of Risk 
Management Supervision, (202) 898-6888; or Michael Phillips, Counsel, 
[email protected]; Catherine Wood, Counsel, [email protected]; 
Supervision Branch, Legal Division, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On December 17, 2018, the Board, FDIC, and 
OCC published in the Federal Register a proposal to amend the agencies' 
capital rule to implement the Standardized Approach for Calculating the 
Exposure Amount of Derivatives Contracts.\1\ The notice of proposed 
rulemaking stated that the comment period would close on February 15, 
2019. The agencies have received requests to extend the comment period. 
An extension of the comment period will provide additional opportunity 
for the public to consider the proposal and prepare comments, including 
to address the questions posed by the agencies. Therefore, the agencies 
are extending the end of the comment period for the proposal from 
February 15, 2019, to March 18, 2019.
---------------------------------------------------------------------------

    \1\ 83 FR 64660 (December 17, 2018).

    Dated: February 19, 2019.
Joseph M. Otting,
Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, February 14, 2019.
Ann E. Misback,
Secretary of the Board.

    Dated at Washington, DC, on February 15, 2019.
    By order of the Board of Directors.

Federal Deposit Insurance Corporation.

Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2019-03249 Filed 2-25-19; 8:45 am]
 BILLING CODE P