[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]
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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.
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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.
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\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]
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