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 2020_register executive 2020-04-11 article Rules and Regulations D09002ee1c7b7bf86 D09002ee1c7b7c07f 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 To provide liquidity to small business lenders and the broader credit markets, to help stabilize the financial system, and to provide economic relief to small businesses nationwide, the Board of Governors of the Federal Reserve System (Board) authorized each of the Federal Reserve Banks to participate in the Paycheck Protection Program Lending Facility (PPPL Facility), pursuant to section 13(3) of the Federal Reserve Act. Under the PPPL Facility, each of the Federal Reserve Banks will extend non-recourse loans to eligible financial institutions to fund loans guaranteed by the Small Business Administration under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). To facilitate use of this Federal Reserve facility, the Office of the Comptroller of the Currency, the Board, and the Federal Deposit Insurance Corporation (together, the agencies) are adopting this interim final rule to allow banking organizations to neutralize the regulatory capital effects of participating in the facility. This treatment is similar to the treatment extended previously by the agencies in connection with the Federal Reserve's Money Market Mutual Fund Liquidity Facility. In addition, as mandated by section 1102 of the CARES Act, loans originated under the Small Business Administration's Paycheck Protection Program will receive a zero percent risk weight under the agencies' regulatory capital rule. 85 FR 20387 https://www.govinfo.gov/app/details/FR-2020-04-13/2020-07712 2020-07712 fr13ap20-1 RIN 1557-AE90 RIN 7100-AF86 RIN 3064-AF49 4810-33-P 6210-01-P 6714-01-P Docket No. OCC-2020-0018 Regulations Q Docket No. R-1712 https://www.govinfo.gov/app/details/FR-2020-04-13/2020-07712 https://www.govinfo.gov/content/pkg/FR-2020-04-13/html/2020-07712.htm https://www.govinfo.gov/content/pkg/FR-2020-04-13/pdf/2020-07712.pdf Banks Banking Federal Reserve System Holding Companies Reporting and Recordkeeping Requirements Securities Administrative Practice and Procedure Capital Federal Savings Associations National Banks Risk Banking Savings Associations State Non-Member Banks 8 p. 20387 20394 85 FR 20387 Title 12 Part 217 12 CFR Part 217 Title 12 Part 324 12 CFR Part 324 Title 12 Part 3 12 CFR Part 3 RIN 1557-AE90 RIN 7100-AF86 RIN 3064-AF49 Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans; Federal Register Vol. 85, Issue RULE 2020-07712 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION 2020-04-13 Docket No. OCC-2020-0018 Regulations Q Docket No. R-1712 4810-33-P 6210-01-P 6714-01-P 2020-07712 Interim final rule; request for comment.

To provide liquidity to small business lenders and the broader credit markets, to help stabilize the financial system, and to provide economic relief to small businesses nationwide, the Board of Governors of the Federal Reserve System (Board) authorized each of the Federal Reserve Banks to participate in the Paycheck Protection Program Lending Facility (PPPL Facility), pursuant to section 13(3) of the Federal Reserve Act. Under the PPPL Facility, each of the Federal Reserve Banks will extend non-recourse loans to eligible financial institutions to fund loans guaranteed by the Small Business Administration under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). To facilitate use of this Federal Reserve facility, the Office of the Comptroller of the Currency, the Board, and the Federal Deposit Insurance Corporation (together, the agencies) are adopting this interim final rule to allow banking organizations to neutralize the regulatory capital effects of participating in the facility. This treatment is similar to the treatment extended previously by the agencies in connection with the Federal Reserve's Money Market Mutual Fund Liquidity Facility. In addition, as mandated by section 1102 of the CARES Act, loans originated under the Small Business Administration's Paycheck Protection Program will receive a zero percent risk weight under the agencies' regulatory capital rule.

Effective date: The interim final rule is effective April 13, 2020. OCC: Margot Schwadron, Director, or Andrew Tschirhart, Risk Expert, Capital and Regulatory Policy, (202) 649-6370; or Carl Kaminski, Special Counsel, or Christopher Rafferty, Counsel, Chief Counsel's Office, (202) 649-5490, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. Banks Banking Federal Reserve System Holding Companies Reporting and Recordkeeping Requirements Securities Administrative Practice and Procedure Capital Federal Savings Associations National Banks Risk Banking Savings Associations State Non-Member Banks bbean@fdic.gov bbosco@fdic.gov cawood@fdic.gov Comments@FDIC.gov mphillips@fdic.gov ncuttler@fdic.gov regs.comments@federalreserve.gov regs.comments@occ.treas.gov regulations@erulemakinghelpdesk.com regulatorycapital@fdic.gov Electronically-Regulations.gov http://www.federalreserve.gov http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm https://beta.regulations.gov/ https://www.fdic.gov/regulations/laws/federal https://www.regulations.gov/ https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp https://www.sba.gov/sites/default/files/2020-04/PPP-IFRN%20FINAL_0.pdf Portal-Regulations.gov Regulations.gov Vol. 85, no. 71 Office of the Federal Register, National Archives and Records Administration 2020-04-13 continuing daily deposited born digital 199 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2020-04-13 P0b002ee1a6b4735e 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr13ap20 https://www.govinfo.gov/app/details/FR-2020-04-13 https://www.govinfo.gov/content/pkg/FR-2020-04-13/pdf/FR-2020-04-13.pdf https://www.govinfo.gov/content/pkg/FR-2020-04-13/xml/FR-2020-04-13.xml fdlp 20385 20573 DGPO 2020-04-11 2024-05-30 FR-2020-04-13 machine generated eng FR FR-2020-04-13 85 71