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 2019-03-13 article Rules and Regulations D09002ee1c7d91fb8 D09002ee1c7d93fe3 United States Federal Reserve System originator org United States Government Agency or Subagency The Board is amending the capital plan rule to limit the scope of potential objections to a firm's capital plan on the basis of qualitative deficiencies in the firm's capital planning process (qualitative objection). In particular, effective immediately, the Board will no longer issue a qualitative objection under the capital plan rule to a firm if the firm has been subject to a potential qualitative objection for four consecutive years, and the firm does not receive a qualitative objection in the fourth year of that period. In addition, except for certain firms that have received a qualitative objection in the immediately prior year, the Board will no longer issue a qualitative objection to any firm effective January 1, 2021. 84 FR 8953 https://www.govinfo.gov/app/details/FR-2019-03-13/2019-04515 2019-04515 fr13mr19-1 P Regulations Y Docket No. R-1653 and RIN 7100-AF41 https://www.govinfo.gov/app/details/FR-2019-03-13/2019-04515 https://www.govinfo.gov/content/pkg/FR-2019-03-13/html/2019-04515.htm https://www.govinfo.gov/content/pkg/FR-2019-03-13/pdf/2019-04515.pdf Administrative Practice and Procedure Banks Banking Capital Planning Holding Companies Reporting and Recordkeeping Requirements Securities Stress Testing 6 p. 8953 8958 84 FR 8953 Title 12 Part 225 12 CFR Part 225 Amendments to the Capital Plan Rule; Federal Register Vol. 84, Issue RULE 2019-04515 FEDERAL RESERVE SYSTEM 2019-03-13 Regulations Y Docket No. R-1653 and RIN 7100-AF41 P 2019-04515 Final rule.

The Board is amending the capital plan rule to limit the scope of potential objections to a firm's capital plan on the basis of qualitative deficiencies in the firm's capital planning process (qualitative objection). In particular, effective immediately, the Board will no longer issue a qualitative objection under the capital plan rule to a firm if the firm has been subject to a potential qualitative objection for four consecutive years, and the firm does not receive a qualitative objection in the fourth year of that period. In addition, except for certain firms that have received a qualitative objection in the immediately prior year, the Board will no longer issue a qualitative objection to any firm effective January 1, 2021.

Effective date: March 13, 2019. Lisa Ryu, Associate Director, (202) 263-4833, Constance Horsley, Deputy Associate Director, (202) 452-5239, (202) 475-6316, Juan Climent, Manager (202) 872-7526, Page Conkling, Lead Financial Institution and Policy Analyst, (202) 912-4647, Noah Cuttler, Senior Financial Institution and Policy Analyst I, (202) 912- 4678, Division of Banking Supervision and Regulation; Benjamin W. McDonough, Assistant General Counsel, (202) 452-2036, Julie Anthony, Senior Counsel, (202) 475-6682, Mark Buresh, Counsel, (202) 452-5270, 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 Capital Plan Rule , www.federalreserve.gov/newsevents/pressreleases/files/bcreg20180706b1.pdf Vol. 84, no. 49 Office of the Federal Register, National Archives and Records Administration 2019-03-13 continuing daily deposited born digital 277 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2019-03-13 P0b002ee19fe25d1a 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr13mr19 https://www.govinfo.gov/app/details/FR-2019-03-13 https://www.govinfo.gov/content/pkg/FR-2019-03-13/pdf/FR-2019-03-13.pdf https://www.govinfo.gov/content/pkg/FR-2019-03-13/xml/FR-2019-03-13.xml fdlp 8953 9220 DGPO 2019-03-13 2024-05-31 FR-2019-03-13 machine generated eng FR FR-2019-03-13 84 49