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 2018_register executive 2018-05-12 article Part II Proposed Rules D09002ee1c7e7809e D09002ee1c7e78280 United States Department of Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency United States Federal Reserve System originator org United States Government Agency or Subagency United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 2016-13, Topic 326, Financial Instruments--Credit Losses (ASU 2016-13), including banking organizations' implementation of the current expected credit losses methodology. Specifically, the proposal would revise the agencies' regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital and to provide banking organizations the option to phase in the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. The proposal also would amend certain regulatory disclosure requirements to reflect applicable changes to U.S. GAAP covered under ASU 2016-13. In addition, the agencies are proposing to make amendments to their stress testing regulations so that covered banking organizations that have adopted ASU 2016-13 would not include the effect of ASU 2016-13 on their provisioning for purposes of stress testing until the 2020 stress test cycle. Finally, the agencies are proposing to make conforming amendments to their other regulations that reference credit loss allowances. 83 FR 22312 https://www.govinfo.gov/app/details/FR-2018-05-14/2018-08999 2018-08999 fr14my18-20 RIN 1557-AE32 RIN 7100-AF04 RIN 3064-AE74 4810-33-6210-01-6714-01-P Docket ID OCC-2018-0009 Regulation Q Docket No. R-1605 https://www.govinfo.gov/app/details/FR-2018-05-14/2018-08999 https://www.govinfo.gov/content/pkg/FR-2018-05-14/html/2018-08999.htm https://www.govinfo.gov/content/pkg/FR-2018-05-14/pdf/2018-08999.pdf Banks Banking National Banks Reporting and Recordkeeping Requirements Securities Exports Foreign Banking Holding Companies Penalties Confidential Business Information Crime Currency Federal Reserve System Reporting and Recordkeeping Requirements Affordable Housing Community Development Credit Investments Economic Development and Job Creation Low- and Moderate-Income Areas Low- and Moderate-Income Housing Public Welfare Investments Rural Areas Small Businesses Tax Credit Investments Administrative Practice and Procedure Capital Risk Lease Financing Transactions Leasing Appraisal Appraiser Consumer Protection Mortgages Savings Associations Truth in Lending Bank Deposit Insurance Authority Delegation (Government Agencies) U S Investments Abroad Advertising Aged Civil Rights Conflict of Interests Equal Employment Opportunity Fair Housing Government Employees Individuals with Disabilities Banking Disclosures Recordkeeping Stress Test Federal Savings Associations 28 p. 22312 22339 83 FR 22312 Title 12 Part 1 12 CFR Part 1 Title 12 Part 208 12 CFR Part 208 Title 12 Part 211 12 CFR Part 211 Title 12 Part 215 12 CFR Part 215 Title 12 Part 217 12 CFR Part 217 Title 12 Part 223 12 CFR Part 223 Title 12 Part 225 12 CFR Part 225 Title 12 Part 23 12 CFR Part 23 Title 12 Part 24 12 CFR Part 24 Title 12 Part 252 12 CFR Part 252 Title 12 Part 32 12 CFR Part 32 Title 12 Part 324 12 CFR Part 324 Title 12 Part 325 12 CFR Part 325 Title 12 Part 327 12 CFR Part 327 Title 12 Part 34 12 CFR Part 34 Title 12 Part 347 12 CFR Part 347 Title 12 Part 390 12 CFR Part 390 Title 12 Part 3 12 CFR Part 3 Title 12 Part 46 12 CFR Part 46 Title 12 Part 5 12 CFR Part 5 RIN 1557-AE32 RIN 7100-AF04 RIN 3064-AE74 Regulatory Capital Rules: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rules and Conforming Amendments to Other Regulations; Federal Register Vol. 83, Issue PRORULE 2018-08999 II DEPARTMENT OF TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION 2018-07-13 Docket ID OCC-2018-0009 Regulation Q Docket No. R-1605 4810-33-6210-01-6714-01-P 2018-08999 Notice of proposed rulemaking.

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 2016-13, Topic 326, Financial Instruments--Credit Losses (ASU 2016-13), including banking organizations' implementation of the current expected credit losses methodology. Specifically, the proposal would revise the agencies' regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital and to provide banking organizations the option to phase in the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. The proposal also would amend certain regulatory disclosure requirements to reflect applicable changes to U.S. GAAP covered under ASU 2016-13. In addition, the agencies are proposing to make amendments to their stress testing regulations so that covered banking organizations that have adopted ASU 2016-13 would not include the effect of ASU 2016-13 on their provisioning for purposes of stress testing until the 2020 stress test cycle. Finally, the agencies are proposing to make conforming amendments to their other regulations that reference credit loss allowances.

Comments must be received by July 13, 2018. OCC: Mark Ginsberg, Senior Risk Expert, (202) 649-6983; or Kevin Korzeniewski, Counsel, Legislative and Regulatory Activities Division, (202) 649-5490; or for persons who are hearing impaired, TTY, (202) 649-5597. Banks Banking National Banks Reporting and Recordkeeping Requirements Securities Exports Foreign Banking Holding Companies Penalties Confidential Business Information Crime Currency Federal Reserve System Reporting and Recordkeeping Requirements Affordable Housing Community Development Credit Investments Economic Development and Job Creation Low- and Moderate-Income Areas Low- and Moderate-Income Housing Public Welfare Investments Rural Areas Small Businesses Tax Credit Investments Administrative Practice and Procedure Capital Risk Lease Financing Transactions Leasing Appraisal Appraiser Consumer Protection Mortgages Savings Associations Truth in Lending Bank Deposit Insurance Authority Delegation (Government Agencies) U S Investments Abroad Advertising Aged Civil Rights Conflict of Interests Equal Employment Opportunity Fair Housing Government Employees Individuals with Disabilities Banking Disclosures Recordkeeping Stress Test Federal Savings Associations Regulatory Capital Rules: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rules and Conforming Amendments to Other Regulations , bbosco@fdic.gov bklein@fdic.gov cawood@fdic.gov comments@FDIC.gov dariley@fdic.gov mmaloney@fdic.gov mphillips@fdic.gov regs.comments@federalreserve.gov regs.comments@occ.treas.gov regulatorycapital@fdic.gov rsmith@fdic.gov http://www.fdic.gov/regulations/laws/federal/ http://www.federalreserve.gov http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm https://www.fdic.gov/regulations/laws/federal/ Regulations.gov www.regulations.gov Vol. 83, no. 93 Office of the Federal Register, National Archives and Records Administration 2018-05-14 continuing daily deposited born digital 178 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2018-05-14 P0b002ee19a3fe3ac 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr14my18 https://www.govinfo.gov/app/details/FR-2018-05-14 https://www.govinfo.gov/content/pkg/FR-2018-05-14/pdf/FR-2018-05-14.pdf https://www.govinfo.gov/content/pkg/FR-2018-05-14/xml/FR-2018-05-14.xml fdlp 22177 22345 DGPO 2018-05-12 2024-06-01 FR-2018-05-14 machine generated eng FR FR-2018-05-14 83 93