[Federal Register Volume 88, Number 207 (Friday, October 27, 2023)]
[Proposed Rules]
[Pages 73770-73772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23671]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Parts 3, 6, 32

[Docket ID OCC-2023-0008]
RIN 1557-AE78

FEDERAL RESERVE SYSTEM

12 CFR Parts 208, 217, 225, 238, 252

[Docket No. R-1813]
RIN 7100-AG64

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 324

RIN 3064-AF29


Regulatory Capital Rule: Large Banking Organizations and Banking 
Organizations With Significant Trading Activity; Extension of Comment 
Period

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

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On September 18, 2023, 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 substantially revise the capital requirements applicable to 
large banking organizations and to banking organizations with 
significant trading activity. The agencies have determined that an 
extension of the comment period until January 16, 2024, is appropriate.

DATES: Comments must be received by January 16, 2024.

ADDRESSES: Comments should be directed to:
    OCC: Commenters are encouraged to submit comments through the 
Federal eRulemaking Portal. Please use the title ``Regulatory Capital 
Rule: Large Banking Organizations and Banking Organizations With 
Significant Trading Activity'' to facilitate the organization and 
distribution of the comments. You may submit comments by any of the 
following methods:
     Federal eRulemaking Portal--Regulations.gov:
    Go to https://regulations.gov/. Enter ``Docket ID OCC-2023-0008'' 
in the

[[Page 73771]]

Search Box and click ``Search.'' Public comments can be submitted via 
the ``Comment'' box below the displayed document information or by 
clicking on the document title and then clicking the ``Comment'' box on 
the top-left side of the screen. For help with submitting effective 
comments, please click on ``Commenter's Checklist.'' For assistance 
with the Regulations.gov site, please call 1-866-498-2945 (toll free) 
Monday-Friday, 9 a.m.-5 p.m. ET, or email [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, 400 7th Street 
SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    Instructions: You must include ``OCC'' as the agency name and 
``Docket ID OCC-2023-0008'' in your comment. In general, the OCC will 
enter all comments received into the docket and publish the comments on 
the Regulations.gov website without change, including any business or 
personal information provided such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this action by the following method:
     Viewing Comments Electronically--Regulations.gov:
    Go to https://regulations.gov/. Enter ``Docket ID OCC-2023-0008'' 
in the Search Box and click ``Search.'' Click on the ``Dockets'' tab 
and then the document's title. After clicking the document's title, 
click the ``Browse All Comments'' tab. Comments can be viewed and 
filtered by clicking on the ``Sort By'' drop-down on the right side of 
the screen or the ``Refine Comments Results'' options on the left side 
of the screen. Supporting materials can be viewed by clicking on the 
``Browse Documents'' tab. Click on the ``Sort By'' drop-down on the 
right side of the screen or the ``Refine Results'' options on the left 
side of the screen checking the ``Supporting & Related Material'' 
checkbox. For assistance with the Regulations.gov site, please call 1-
866-498-2945 (toll free) Monday-Friday, 9 a.m.-5 p.m. ET, or email 
[email protected].
    The docket may be viewed after the close of the comment period in 
the same manner as during the comment period.
    Board: You may submit comments, identified by Docket No. R-1813, 
RIN 7100-AG64 by any of the following methods:
    Agency website: https://www.federalreserve.gov. Follow the 
instructions for submitting comments at https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
    Federal eRulemaking Portal: https://www.regulations.gov. Follow the 
instructions for submitting comments.
    Email: [email protected]. Include the docket number 
and RIN in the subject line of the message.
    Fax: (202) 452-3819 or (202) 452-3102.
    Mail: Ann E. Misback, Secretary, Board of Governors of the Federal 
Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 
20551.
    In general, all public comments will be made available on the 
Board's website at www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, and will not be modified to remove 
confidential, contact or any identifiable information. Public comments 
may also be viewed electronically or in paper in Room M-4365A, 2001 C 
St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal 
business weekdays.
    FDIC: The FDIC encourages interested parties to submit written 
comments. Please include your name, affiliation, address, email 
address, and telephone number(s) in your comment. You may submit 
comments to the FDIC, identified by RIN 3064-AF29 by any of the 
following methods:
    Agency website: https://www.fdic.gov/resources/regulations/federal-register-publications. Follow instructions for submitting comments on 
the FDIC's website.
    Mail: James P. Sheesley, Assistant Executive Secretary, Attention: 
Comments/Legal OES (RIN 3064-AF29), Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.
    Hand Delivered/Courier: Comments may be hand-delivered to the guard 
station at the rear of the 550 17th Street NW, building (located on F 
Street NW) on business days between 7:00 a.m. and 5:00 p.m.
    Email: [email protected]. Include the RIN 3064-AF29 on the subject 
line of the message.
    Public Inspection: Comments received, including any personal 
information provided, may be posted without change to https://www.fdic.gov/resources/regulations/federal-register-publications. 
Commenters should submit only information that the commenter wishes to 
make available publicly. The FDIC may review, redact, or refrain from 
posting all or any portion of any comment that it may deem to be 
inappropriate for publication, such as irrelevant or obscene material. 
The FDIC may post only a single representative example of identical or 
substantially identical comments, and in such cases will generally 
identify the number of identical or substantially identical comments 
represented by the posted example. All comments that have been 
redacted, as well as those that have not been posted, that contain 
comments on the merits of this document will be retained in the public 
comment file and will be considered as required under all applicable 
laws. All comments may be accessible under the Freedom of Information 
Act.

FOR FURTHER INFORMATION CONTACT: 
    OCC: Venus Fan, Risk Expert, Benjamin Pegg, Analyst, Andrew 
Tschirhart, Risk Expert, or Diana Wei, Risk Expert, Capital Policy, 
(202) 649-6370; Carl Kaminski, Assistant Director, Kevin Korzeniewski, 
Counsel, Rima Kundnani, Counsel, or Daniel Perez, Counsel, Chief 
Counsel's Office, (202) 649-5490, Office of the Comptroller of the 
Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.
    Board: Anna Lee Hewko, Associate Director, (202) 530-6260; Brian 
Chernoff, Manager, (202) 452-2952; Andrew Willis, Manager, (202) 912-
4323; Cecily Boggs, Lead Financial Institution Policy Analyst, (202) 
530-6209; Marco Migueis, Principal Economist, (202) 452-6447; Diana 
Iercosan, Principal Economist, (202) 912-4648; Nadya Zeltser, Senior 
Financial Institution Policy Analyst, (202) 452-3164; Division of 
Supervision and Regulation; or Jay Schwarz, Assistant General Counsel, 
(202) 452-2970; Mark Buresh, Special Counsel, (202) 452-5270; Andrew 
Hartlage, Special Counsel, (202) 452-6483; Gillian Burgess, Senior 
Counsel, (202) 736-5564; Jonah Kind, Senior Counsel, (202) 452-2045, 
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: Benedetto Bosco, Chief Capital Policy Section; Bob Charurat, 
Corporate

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Expert; Irina Leonova, Corporate Expert; Andrew Carayiannis, Chief, 
Policy and Risk Analytics Section; Brian Cox, Chief, Capital Markets 
Strategies Section; David Riley, Senior Policy Analyst; Michael 
Maloney, Senior Policy Analyst; Richard Smith, Capital Markets Policy 
Analyst; Olga Lionakis, Capital Markets Policy Analyst; Kyle McCormick, 
Senior Policy Analyst; Keith Bergstresser, Senior Policy Analyst, 
Capital Markets and Accounting Policy Branch, Division of Risk 
Management Supervision; Catherine Wood, Counsel; Benjamin Klein, 
Supervisory Counsel; Anjoly David, Attorney, Legal Division; 
[email protected], (202) 898-6888; Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On September 18, 2023, the agencies 
published in the Federal Register a proposal to substantially revise 
the capital requirements applicable to large banking organizations and 
to banking organizations with significant trading activity.\1\ The 
notice of proposed rulemaking stated that the comment period would 
close on November 30, 2023. 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 November 30, 2023, to January 16, 2024.
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    \1\ 88 FR 64028 (September 18, 2023).

Michael J. Hsu,
Acting 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.
Ann E. Misback,
Secretary of the Board.

Federal Deposit Insurance Corporation.
    Dated at Washington, DC, on October 19, 2023.
Debra A. Decker,
Executive Secretary.
[FR Doc. 2023-23671 Filed 10-26-23; 8:45 am]
BILLING CODE 6210-01-P; 4810-33-P; 6714-01-P