United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2005_register executive 2010-09-23 article Rules and Regulations D09002ee1c811d4f1 D09002ee1c811d5ff United States Federal Reserve System originator org United States Government Agency or Subagency The Board of Governors of the Federal Reserve System (Board) is amending its risk-based capital standards for bank holding companies to allow the continued inclusion of outstanding and prospective issuances of trust preferred securities in the tier 1 capital of bank holding companies, subject to stricter quantitative limits and qualitative standards. The Board also is revising the quantitative limits applied to the aggregate amount of cumulative perpetual preferred stock, trust preferred securities, and minority interests in the equity accounts of most consolidated subsidiaries (collectively, restricted core capital elements) included in the tier 1 capital of bank holding companies. The new quantitative limits become effective after a five-year transition period. In addition, the Board is revising the qualitative standards for capital instruments included in regulatory capital consistent with longstanding Board policies. The Board is adopting this final rule to address supervisory concerns, competitive equity considerations, and changes in generally accepted accounting principles and to strengthen the definition of regulatory capital for bank holding companies. 70 FR 11827 https://www.govinfo.gov/app/details/FR-2005-03-10/05-4690 05-4690 fr10mr05-1 6210-01-P Regulations H and Y Docket No. R-1193 https://www.govinfo.gov/app/details/FR-2005-03-10/05-4690 https://www.govinfo.gov/content/pkg/FR-2005-03-10/html/05-4690.htm https://www.govinfo.gov/content/pkg/FR-2005-03-10/pdf/05-4690.pdf Accounting Agriculture Banks Banking Confidential Business Information Crime Currency Mortgages Reporting and Recordkeeping Requirements Securities Administrative Practice and Procedure Holding Companies 12 p. 11827 11838 70 FR 11827 Title 12 Part 208 12 CFR Part 208 Title 12 Part 225 12 CFR Part 225 Risk-Based Capital Standards: Trust Preferred Securities and the Definition of Capital; Federal Register Vol. 70, Issue RULE 05-4690 FEDERAL RESERVE SYSTEM 2005-04-11 Regulations H and Y Docket No. R-1193 6210-01-P 05-4690 Final rule.

The Board of Governors of the Federal Reserve System (Board) is amending its risk-based capital standards for bank holding companies to allow the continued inclusion of outstanding and prospective issuances of trust preferred securities in the tier 1 capital of bank holding companies, subject to stricter quantitative limits and qualitative standards. The Board also is revising the quantitative limits applied to the aggregate amount of cumulative perpetual preferred stock, trust preferred securities, and minority interests in the equity accounts of most consolidated subsidiaries (collectively, restricted core capital elements) included in the tier 1 capital of bank holding companies. The new quantitative limits become effective after a five-year transition period. In addition, the Board is revising the qualitative standards for capital instruments included in regulatory capital consistent with longstanding Board policies. The Board is adopting this final rule to address supervisory concerns, competitive equity considerations, and changes in generally accepted accounting principles and to strengthen the definition of regulatory capital for bank holding companies.

This final rule is effective on April 11, 2005. The Board will not object if a banking organization wishes to apply the provisions of this final rule beginning on the date it is published in the Federal Register. Norah Barger, Associate Director (202/ 452-2402 or norah.barger@frb.gov), Mary Frances Monroe, Manager (202/ 452-5231 or mary.f.monroe@frb.gov), John F. Connolly, Senior Supervisory Financial Analyst (202/452-3621 or john.f.connolly@frb.gov), Division of Banking Supervision and Regulation, or Mark E. Van Der Weide, Senior Counsel (202/452-2263 or mark.vanderweide@frb.gov), Legal Division. For users of Telecommunications Device for the Deaf ("TDD") only, contact 202/263- 4869. Accounting Agriculture Banks Banking Confidential Business Information Crime Currency Mortgages Reporting and Recordkeeping Requirements Securities Administrative Practice and Procedure Holding Companies Membership of State banking institutions (Regulation H) and bank holding companies and change in bank control (Regulation Y): Trust preferred securities and definition of capital; risk-based standards, john.f.connolly@frb.gov mark.vanderweide@frb.gov mary.f.monroe@frb.gov norah.barger@frb.gov Vol. 70, no. 46 Office of the Federal Register, National Archives and Records Administration 2005-03-10 continuing daily deposited born digital 295 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2005-03-10 P0b002ee18098cc04 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr10mr05 https://www.govinfo.gov/app/details/FR-2005-03-10 https://www.govinfo.gov/content/pkg/FR-2005-03-10/pdf/FR-2005-03-10.pdf https://www.govinfo.gov/content/pkg/FR-2005-03-10/xml/FR-2005-03-10.xml fdlp 11827 12109 DGPO 2010-09-23 2024-06-06 FR-2005-03-10 machine generated eng FR FR-2005-03-10 70 46