[Federal Register Volume 87, Number 242 (Monday, December 19, 2022)]
[Proposed Rules]
[Page 77529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27475]


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 Proposed Rules
                                                 Federal Register
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 This section of the FEDERAL REGISTER contains notices to the public of 
 the proposed issuance of rules and regulations. The purpose of these 
 notices is to give interested persons an opportunity to participate in 
 the rule making prior to the adoption of the final rules.
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  Federal Register / Vol. 87, No. 242 / Monday, December 19, 2022 / 
Proposed Rules  

[[Page 77529]]



FEDERAL RESERVE SYSTEM

12 CFR Chapter II

[Docket No. R-1786]
RIN 7100-AG44

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Chapter III

RIN 3064-AF86


Resolution-Related Resource Requirements for Large Banking 
Organizations; Extension of Comment Period

AGENCY: Board of Governors of the Federal Reserve System, Federal 
Deposit Insurance Corporation.

ACTION: Advance notice of proposed rulemaking; extension of comment 
period.

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SUMMARY: On October 24, 2022, the Board of Governors of the Federal 
Reserve System (Board) and the Federal Deposit Insurance Corporation 
(FDIC) (together, the agencies) published in the Federal Register an 
advance notice of proposed rulemaking (ANPR) to solicit public input 
regarding whether an extra layer of loss-absorbing capacity could 
improve optionality in resolving a large banking organization or its 
insured depository institution, and the costs and benefits of such a 
requirement. The agencies have determined that an extension of the 
comment period until January 23, 2023, is appropriate, and are 
therefore making that extension.

DATES: The comment period for the advance notice of proposed rulemaking 
published October 24, 2022, at 87 FR 64170, is extended. Comments must 
be received by January 23, 2023.

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

FOR FURTHER INFORMATION CONTACT: 
    Board: Molly Mahar, Senior Associate Director, (202) 973-7360; 
Catherine Tilford, Deputy Associate Director, (202) 452-5240; Lesley 
Chao, Lead Financial Institution Policy Analyst, Policy Development, 
(202) 974-7063, Division of Supervision and Regulation; Charles Gray, 
Deputy General Counsel, (202) 510-3484, Reena Sahni, Associate General 
Counsel, (202) 452-2026, Jay Schwarz, Assistant General Counsel, (202) 
452-2970, Andrew Hartlage, Senior Counsel, (202) 452-6483, Legal 
Division, Board of Governors of the Federal Reserve System, 20th Street 
and Constitution Avenue NW, Washington, DC 20551. For users of TTY-TRS, 
please call 711 from any telephone, anywhere in the United States.
    FDIC: Andrew J. Felton, Deputy Director, (202) 898-3691; Ryan P. 
Tetrick, Deputy Director, (202) 898-7028; Jenny G. Traille, Associate 
Director, (202) 898-3608; Julia E. Paris, Senior Cross-Border 
Specialist, (202) 898-3821; Division of Complex Institution Supervision 
and Resolution; R. Penfield Starke, Assistant General Counsel, (202) 
898-8501, [email protected]; David N. Wall, Assistant General Counsel, 
(202) 898-6575, Legal Division, Federal Deposit Insurance Corporation, 
550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On October 24, 2022, the agencies published 
in the Federal Register an ANPR to solicit public input regarding 
whether an extra layer of loss-absorbing capacity could improve 
optionality in resolving a large banking organization or its insured 
depository institution, and the costs and benefits of such a 
requirement.\1\ This may, among other things, address financial 
stability by limiting contagion risk through the reduction in the 
likelihood of uninsured depositors suffering loss, and keep various 
resolution options open for the FDIC to resolve a firm in a way that 
minimizes the long term risk to financial stability and preserves 
optionality. The agencies are seeking comment on all aspects of the 
ANPR from all interested parties and also request commenters to 
identify other issues that the Board and FDIC should consider.
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    \1\ 87 FR 64170 (October 24, 2022).
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    The ANPR stated that the comment period would close on December 23, 
2022. The agencies have received a request to extend the comment 
period. An extension of the comment period would provide additional 
opportunity for the public to prepare comments to address questions 
posed by the agencies. Therefore, the agencies are extending the end of 
the comment period for the ANPR from December 23, 2022, to January 23, 
2022.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority.
Ann E. Misback,
Secretary of the Board, Federal Deposit Insurance Corporation.
    By order of the Board of Directors.

    Dated at Washington, DC, on December 14, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-27475 Filed 12-16-22; 8:45 am]
BILLING CODE 6714-01-P; 6210-01-P