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 2019_register executive 2019-02-14 article Part III Rules and Regulations D09002ee1c7db5a04 D09002ee1c7db618e United States Department of the 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 adopting a final rule to address changes to credit loss accounting under U.S. generally accepted accounting principles, including banking organizations' implementation of the current expected credit losses methodology (CECL). The final rule provides banking organizations the option to phase in over a three-year period the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. In addition, the final rule revises the agencies' regulatory capital rule, stress testing rules, and regulatory disclosure requirements to reflect CECL, and makes conforming amendments to other regulations that reference credit loss allowances. 84 FR 4222 https://www.govinfo.gov/app/details/FR-2019-02-14/2018-28281 2018-28281 fr14fe19-12 RIN 1557-AE32 RIN 7100-AF04 RIN 3064-AE74 4810-33-P; 6210-01-P; 6714-01-P Docket ID OCC-2018-0009 Regulation Q Docket No. R-1605 https://www.govinfo.gov/app/details/FR-2019-02-14/2018-28281 https://www.govinfo.gov/content/pkg/FR-2019-02-14/html/2018-28281.htm https://www.govinfo.gov/content/pkg/FR-2019-02-14/pdf/2018-28281.pdf Banks Banking National Banks Reporting and Recordkeeping Requirements Securities Exports Foreign Banking Holding Companies Penalties Confidential Business Information Crime Currency Federal Reserve System Mortgages 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 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 Disclosures Recordkeeping Savings Associations Stress Test Federal Savings Associations 29 p. 4222 4250 84 FR 4222 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 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 Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations; Federal Register Vol. 84, Issue RULE 2018-28281 III DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION 2019-04-01 Docket ID OCC-2018-0009 Regulation Q Docket No. R-1605 4810-33-P; 6210-01-P; 6714-01-P 2018-28281 Final rule.

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 adopting a final rule to address changes to credit loss accounting under U.S. generally accepted accounting principles, including banking organizations' implementation of the current expected credit losses methodology (CECL). The final rule provides banking organizations the option to phase in over a three-year period the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. In addition, the final rule revises the agencies' regulatory capital rule, stress testing rules, and regulatory disclosure requirements to reflect CECL, and makes conforming amendments to other regulations that reference credit loss allowances.

The final rule is effective on April 1, 2019. Banking organizations may early adopt this final rule prior to that date. OCC: Mark Ginsberg, Senior Risk Expert or JungSup Kim, Risk Specialist, Capital Policy Division, (202) 649-6983; or Kevin Korzeniewski, Counsel, Office of the Chief Counsel, (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 Mortgages 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 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 Disclosures Recordkeeping Savings Associations Stress Test Federal Savings Associations Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations , abonander@fdic.gov bbosco@fdic.gov cawood@fdic.gov dariley@fdic.gov mphillips@fdic.gov regulatorycapital@fdic.gov rismith@fdic.gov sudawley@fdic.gov Vol. 84, no. 31 Office of the Federal Register, National Archives and Records Administration 2019-02-14 continuing daily deposited born digital 349 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2019-02-14 P0b002ee19f4ab3b2 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr14fe19 https://www.govinfo.gov/app/details/FR-2019-02-14 https://www.govinfo.gov/content/pkg/FR-2019-02-14/pdf/FR-2019-02-14.pdf https://www.govinfo.gov/content/pkg/FR-2019-02-14/xml/FR-2019-02-14.xml fdlp 3967 4305 DGPO 2019-02-14 2024-05-31 FR-2019-02-14 machine generated eng FR FR-2019-02-14 84 31