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 2017_register executive 2018-02-01 article Part III Rules and Regulations D09002ee1c7f2c798 D09002ee1c7f2c861 United States Federal Reserve System originator org United States Government Agency or Subagency The Board is adopting a final rule that revises the capital plan and stress test rules for bank holding companies with $50 billion or more in total consolidated assets and U.S. intermediate holding companies (IHCs) of foreign banking organizations. Under the final rule, large and noncomplex firms (those with total consolidated assets of at least $50 billion but less than $250 billion, nonbank assets of less than $75 billion, and that are not U.S. global-systemically important banks) are no longer subject to the provisions of the Board's capital plan rule whereby the Board may object to a capital plan on the basis of qualitative deficiencies in the firm's capital planning process. Accordingly, these firms will no longer be subject to the qualitative component of the annual Comprehensive Capital Analysis and Review (CCAR). The final rule also modifies certain regulatory reports to collect additional information on nonbank assets and to reduce reporting burdens for large and noncomplex firms. For all bank holding companies subject to the capital plan rule, the final rule simplifies the initial applicability provisions of both the capital plan and the stress test rules, reduces the amount of additional capital distributions that a bank holding company may make during a capital plan cycle without seeking the Board's prior approval, and extends the range of potential as-of dates the Board may use for the trading and counterparty scenario component used in the stress test rules. The final rule does not apply to bank holding companies with total consolidated assets of less than $50 billion or to any state member bank or savings and loan holding company. 82 FR 9308 https://www.govinfo.gov/app/details/FR-2017-02-03/2017-02257 2017-02257 fr03fe17-14 RIN 7100-AE59 6210-01-P Docket No. R-1548 https://www.govinfo.gov/app/details/FR-2017-02-03/2017-02257 https://www.govinfo.gov/content/pkg/FR-2017-02-03/html/2017-02257.htm https://www.govinfo.gov/content/pkg/FR-2017-02-03/pdf/2017-02257.pdf Administrative Practice and Procedure Banks Banking Capital Planning Holding Companies Reporting and Recordkeeping Requirements Securities Stress Testing Banking Federal Reserve System Reporting and Recordkeeping Requirements Securities 23 p. 9308 9330 82 FR 9308 Title 12 Part 225 12 CFR Part 225 Title 12 Part 252 12 CFR Part 252 RIN 7100-AE59 Amendments to the Capital Plan and Stress Test Rules; Regulations Y and YY; Federal Register Vol. 82, Issue RULE 2017-02257 III FEDERAL RESERVE SYSTEM 2017-03-06 Docket No. R-1548 6210-01-P 2017-02257 Final rule.

The Board is adopting a final rule that revises the capital plan and stress test rules for bank holding companies with $50 billion or more in total consolidated assets and U.S. intermediate holding companies (IHCs) of foreign banking organizations. Under the final rule, large and noncomplex firms (those with total consolidated assets of at least $50 billion but less than $250 billion, nonbank assets of less than $75 billion, and that are not U.S. global-systemically important banks) are no longer subject to the provisions of the Board's capital plan rule whereby the Board may object to a capital plan on the basis of qualitative deficiencies in the firm's capital planning process. Accordingly, these firms will no longer be subject to the qualitative component of the annual Comprehensive Capital Analysis and Review (CCAR). The final rule also modifies certain regulatory reports to collect additional information on nonbank assets and to reduce reporting burdens for large and noncomplex firms. For all bank holding companies subject to the capital plan rule, the final rule simplifies the initial applicability provisions of both the capital plan and the stress test rules, reduces the amount of additional capital distributions that a bank holding company may make during a capital plan cycle without seeking the Board's prior approval, and extends the range of potential as-of dates the Board may use for the trading and counterparty scenario component used in the stress test rules. The final rule does not apply to bank holding companies with total consolidated assets of less than $50 billion or to any state member bank or savings and loan holding company.

Effective Date: March 6, 2017. Lisa Ryu, Associate Director, (202) 263-4833, Richard Naylor, Associate Director, (202) 728-5854, Molly Mahar, Deputy Associate Director, (202) 973-7360, Constance Horsley, Assistant Director, (202) 452-5239, Mona Touma Elliot, Manager, (202) 912-4688, Celeste Molleur, Manager (202) 452-2783, Elizabeth MacDonald, Manager, (202) 475-6316, Christine Graham, Senior Supervisory Financial Analyst, (202) 452-3005, Seth Ruhter, Senior Supervisory Financial Analyst, (202) 452-3997, Joseph Cox, Supervisory Financial Analyst, (202) 452-3216, Kevin Tran, Supervisory Financial Analyst, (202) 452- 2309, or Hillel Kipnis, Financial Analyst, (202) 452-2924, Division of Banking Supervision and Regulation; Laurie Schaffer, Associate General Counsel, (202) 452-2272, Benjamin McDonough, Assistant General Counsel, (202) 452-2036, Julie Anthony, Counsel, (202) 475-6682, Brian Chernoff, Senior Attorney, (202) 452-2952, or Amber Hay, Senior Attorney, (202) 973-6997, Legal Division, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. Users of Telecommunication Device for Deaf (TDD) only, call (202) 263- 4869. Administrative Practice and Procedure Banks Banking Capital Planning Holding Companies Reporting and Recordkeeping Requirements Securities Stress Testing Banking Federal Reserve System Reporting and Recordkeeping Requirements Securities Amendments to the Capital Plan and Stress Test Rules , https://www.federalreserve.gov/bankinforeg/srletters/sr1107.htm https://www.federalreserve.gov/bankinforeg/srletters/sr1518.htm https://www.federalreserve.gov/bankinforeg/srletters/sr1519.htm https://www.federalreserve.gov/reportforms/forms/FR_Y-14Q20161231_i.pdf www.federalreserve.gov/boarddocs/srletters/2001/sr0101.htm www.federalreserve.gov/newsevents/speech/tarullo20160926a.htm Vol. 82, no. 22 Office of the Federal Register, National Archives and Records Administration 2017-02-03 continuing daily deposited born digital 221 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2017-02-03 P0b002ee1982b7207 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr03fe17 https://www.govinfo.gov/app/details/FR-2017-02-03 https://www.govinfo.gov/content/pkg/FR-2017-02-03/pdf/FR-2017-02-03.pdf https://www.govinfo.gov/content/pkg/FR-2017-02-03/xml/FR-2017-02-03.xml fdlp 9127 9341 DGPO 2018-02-01 2024-06-01 FR-2017-02-03 machine generated eng FR FR-2017-02-03 82 22