Semiannual Agenda of Regulations, 34191-34196 [2014-13139]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 79, Number 114 (Friday, June 13, 2014)]
[Unknown Section]
[Pages 34191-34196]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-13139]



[[Page 34191]]

Vol. 79

Friday,

No. 114

June 13, 2014

Part XXIV





Federal Deposit Insurance Corporation





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Semiannual Regulatory Agenda

Federal Register / Vol. 79 , No. 114 / Friday, June 13, 2014 / 
Unified Agenda

[[Page 34192]]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Ch. III


Semiannual Agenda of Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Semiannual regulatory agenda.

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SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is hereby 
publishing items for the Spring 2014 Unified Agenda of Federal 
Regulatory and Deregulatory Actions. The agenda contains information 
about FDIC's current and projected rulemakings, existing regulations 
under review, and completed rulemakings.

FOR FURTHER INFORMATION CONTACT: Robert E. Feldman, Executive 
Secretary, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Twice each year, the FDIC publishes an 
agenda of regulations to inform the public of its regulatory actions 
and to enhance public participation in the rulemaking process. 
Publication of the agenda is in accordance with the Regulatory 
Flexibility Act (5 U.S.C. 601 et seq.). The FDIC amends its regulations 
under the general rulemaking authority prescribed in section 9 of the 
Federal Deposit Insurance Act (12 U.S.C. 1819) and under specific 
authority granted by the Act and other statutes.

Proposed Rule Stage

Margin and Capital Requirements for Covered Swap Entities (3064-AD79)

    The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, the Farm Credit Administration and the Federal Housing 
Finance Agency (collectively the Agencies) reopened the comment period 
on the proposed rule published in the Federal Register on May 11, 2011, 
(76 FR 27564), to establish minimum margin and capital requirements for 
uncleared swaps and security-based swaps entered into by swap dealers, 
major swap participants, security based swap dealers, and major 
security-based swap participants for which one of the Agencies is the 
prudential regulator (Proposed Margin Rule). Reopening the comment 
period allowed interested persons additional time to analyze and 
comment on the Proposed Margin Rule in light of the consultative 
document on margin requirements for non-centrally-cleared derivatives 
recently published for comment by the Basel Committee on Banking 
Supervision and the International Organization of Securities 
Commissions.

*Removal of Transferred OTS Regulations Regarding Securities of State 
Savings Associations and Amendments to 12 CFR Part 335 of the FDIC's 
Rules and Regulations (3064-AE07)

    In this notice of proposed rulemaking, the Federal Deposit 
Insurance Corporation (FDIC) proposes to rescind and remove from the 
Code of Federal Regulations 12 CFR part 390 subpart U, entitled 
Securities of State Savings Associations, and revise 12 CFR part 335 to 
extend its applicability to state savings associations. This subpart 
was included in the regulations that were transferred to the FDIC from 
the Office of Thrift Supervision on July 21, 2011, in connection with 
the implementation of applicable provisions of title III of the Dodd-
Frank Wall Street Reform and Consumer Protection Act. Upon removal of 
12 CFR part 390 subpart U and all related references from the FDIC 
rules and regulations, all state nonmember banks and state savings 
associations having securities registered pursuant to the Securities 
Exchange Act of 1934 (Exchange Act), and for which the FDIC has been 
designated the appropriate federal banking agency, will be subject to 
the disclosure and filing requirements found at 12 CFR part 335, 
currently entitled Securities of Nonmember Insured Banks. The proposed 
rule would retitle part 335 as Securities of Insured State Nonmember 
Banks and State Savings Associations and revise part 335 by inserting 
the term ``state savings association'' where appropriate so that the 
FDIC rules governing the disclosure and filing requirements of 
securities registered pursuant to the Exchange Act will apply to both 
insured state nonmember banks and state savings associations.

*Removal of Transferred OTS Regulations Regarding Rules of Practice and 
Procedure and Amendments to 12 CFR Part 308 of FDIC Rules and 
Regulations (3064-AE08)

    The Federal Deposit Insurance Corporation (FDIC) proposes to 
rescind and remove 12 CFR part 390, subparts B, C, D, and E of the 
former Office of Thrift Supervision (OTS) rules as redundant of 
existing uniform rules of practice and procedure applicable to 
administrative hearings. These subparts were included in the 
regulations that were transferred to the FDIC from the OTS on July 21, 
2011, in connection with the implementation of applicable provisions of 
title III of the Dodd-Frank Wall Street Reform and Consumer Protection 
Act. With few exceptions addressed below, the requirements for State 
savings associations in part 390, subparts B through E are 
substantively similar to those in FDIC's 12 CFR part 308, subparts A, 
B, C, K, and N. The FDIC further proposes to amend 12 CFR part 308, 
subparts A, B, C, K, and N, to modify the scope of the rules to include 
State savings associations and to conform to and reflect the scope of 
the FDIC's current supervisory responsibilities as the appropriate 
Federal banking agency for those institutions. Additionally, the FDIC 
proposes to modify these regulations in minor ways that will ensure 
that all insured depository institutions for which the FDIC is the 
appropriate Federal Banking Agency (FBA), are subject to the same 
substantive and procedural rules governing administrative hearings.

*Minimum Requirements for Appraisal Management Companies (3064-AE10)

    The Office of the Comptroller of the Currency, the Federal Reserve 
Board, the Federal Deposit Insurance Corporation, the National Credit 
Union Association, and the Federal Housing Finance Agency 
(collectively, the Agencies) are jointly proposing a rule to implement 
the minimum requirements in section 1473 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act to be applied by States in the 
registration and supervision of appraisal management companies (AMCs). 
The proposed rule also implements the requirement in section 1473 of 
the Dodd-Frank Act for States to report to the Appraisal Subcommittee 
of the Federal Financial Institutions Examination Council the 
information required by the Appraisal Subcommittee to administer the 
new national registry of appraisal management companies. In conjunction 
with this implementation of section 1473, the FDIC is proposing to 
integrate its appraisal regulations for State nonmember banks and State 
savings associations.

Final Rule Stage

Credit Risk Retention (3064-AD74)

    The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, the Securities Exchange Commission, the Federal Housing 
Finance Agency, and the U.S. Department of Housing and Urban 
Development (the Agencies) are seeking comment on a joint proposed rule 
(the proposed rule, or the proposal)

[[Page 34193]]

to revise the proposed rule the agencies published in the Federal 
Register on April 29, 2011, and to implement the credit risk retention 
requirements of section 15G of the Securities Exchange Act of 1934 (15 
U.S.C. 78o-11), as added by section 941 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Dodd-Frank Act). Section 15G 
generally requires the securitizer of asset-backed securities to retain 
not less than 5 percent of the credit risk of the assets 
collateralizing the asset backed securities. Section 15G includes a 
variety of exemptions from these requirements, including an exemption 
for asset-backed securities that are collateralized exclusively by 
residential mortgages that qualify as ``qualified residential 
mortgages,'' as such term is defined by the Agencies by rule.

Incentive-Based Compensation Arrangements (3064-AD86)

    The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, the National Credit Union Administration, the U.S. 
Securities Exchange Commission, and the Fair Housing Finance Agency 
proposed a rule to implement section 956 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act. The rule would require the 
reporting of incentive-based compensation arrangements by a covered 
financial institution and prohibit incentive-based compensation 
arrangements at a covered financial institution that provides excessive 
compensation or that could expose the institution to inappropriate 
risks that could lead to material financial loss.

Regulatory Capital Rules: Regulatory Capital, Implementation of Basel 
III Capital Adequacy, Transition Provisions, PCA, Standardize Approach 
for Risk-Weighted Assets (3064-AD95)

    The Federal Deposit Insurance Corporation (FDIC) is adopting an 
interim final rule that revises its risk-based and leverage capital 
requirements for FDIC-supervised institutions. This interim final rule 
is substantially identical to a joint final rule issued by the Office 
of the Comptroller of the Currency (OCC) and the Board of Governors of 
the Federal Reserve System (Federal Reserve) (together, with the FDIC, 
the Agencies). The interim final rule consolidates three separate 
notices of proposed rulemaking that the agencies jointly published in 
the Federal Register on August 30, 2012, with selected changes. The 
interim final rule implements a revised definition of regulatory 
capital, a new common equity tier 1 minimum capital requirement, higher 
minimum tier 1 capital requirement, and, for FDIC-supervised 
institutions subject to the advanced approaches risk-based capital 
rules, a supplementary leverage ratio that incorporates a broader set 
of exposures in the denominator. The interim final rule incorporates 
these new requirements into the FDIC's prompt corrective action 
framework. In addition, the interim final rule establishes limits on 
FDIC-supervised institutions' capital distributions and certain 
discretionary bonus payments if the FDIC-supervised institution does 
not hold a specified amount of common equity tier 1 capital in addition 
to the amount necessary to meet its minimum risk-based capital 
requirements. The interim final rule amends the methodologies for 
determining risk-weighted assets for all FDIC-supervised institutions. 
The interim final rule also adopts changes to the FDIC's regulatory 
capital requirements that meet the requirements of section 171 and 
section 939A of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act. The interim final rule also codifies the FDIC's 
regulatory capital rules, which have previously resided in various 
appendices to their respective regulations, into a harmonized 
integrated regulatory framework.

Removal of Transferred OTS Regulations Regarding Post-Employment 
Activities of Senior Examiners (3064-AD98)

    The Federal Deposit Insurance Corporation (FDIC) proposes to 
rescind and remove from the Code of Federal Regulations 12 CFR part 
390, subpart A, entitled Restrictions on Post-Employment Activities of 
Senior Examiners. This subpart was included in the regulations that 
were transferred to the FDIC from the Office of Thrift Supervision on 
July 21, 2011, in connection with the implementation of applicable 
provisions of title III of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Dodd-Frank Act). Upon removal of 12 CFR part 
390, subpart A, the restrictions for post-employment activities of 
senior examiners of all insured depository institutions for which the 
FDIC has been designated the appropriate Federal banking agency will be 
found at 12 CFR part 336, subpart C, entitled One-Year Restriction on 
Post-Employment Activities of Senior Examiners. The proposed rule would 
not change 12 CFR part 336, subpart C. This proposed rule also proposes 
to revise 12 CFR part 336, subpart B by deleting a reference to the 
``Office of Thrift Supervision'' in the definition of ``Federal banking 
agency'' described in part 336.3(e) and adding the words ``predecessors 
or'' in front of the word ``successors''.

Regulatory Capital Rules: Regulatory Capital, Enhanced Supplementary 
Leverage Ratio Standards for Certain Bank Holding Companies and Their 
Subsidiary Insured Depository Institutions (3064-AE01)

    The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System (Board), and the Federal 
Deposit Insurance Corporation (collectively the Agencies) sought 
comment on a notice of proposed rulemaking that would strengthen the 
agencies' leverage ratio standards for large, interconnected U.S. 
banking organizations. The proposal would apply to any U.S. top-tier 
bank holding company (BHC) with at least $700 billion in total 
consolidated assets or at least $10 trillion in assets under custody 
(covered BHC) and any insured depository institution subsidiary of 
these BHCs. In the revised capital regulations adopted by the Agencies, 
the Agencies established a minimum supplementary leverage ratio of 3 
percent (supplementary leverage ratio), consistent with the minimum 
leverage ratio adopted by the Basel Committee on Banking Supervision, 
for banking organizations subject to the advanced approaches risk-based 
capital rules. In this proposal, the agencies are proposing to 
establish a ``well capitalized'' threshold of 6 percent for the 
supplementary leverage ratio for any insured depository institution 
that is a subsidiary of a covered BHC, under the Agencies' prompt 
corrective action framework. The Board also proposes to establish a new 
leverage buffer for covered BHCs above the minimum supplementary 
leverage ratio requirement of 3 percent (leverage buffer).
    The leverage buffer would function like the capital conservation 
buffer for the risk-based capital ratios in the 2013 rule. A covered 
BHC that maintains a leverage buffer of tier 1 capital in an amount 
greater than 2 percent of its total leverage exposure would not be 
subject to limitations on distributions and discretionary bonus 
payments. The proposal would take effect beginning on January 1, 2018.

Loans in Areas Having Special Flood Hazards (3064-AE03)

    Federal Deposit Insurance Corporation (FDIC), the Farm Credit 
Administration, and the National Credit Union Administration 
(collectively,

[[Page 34194]]

``the Agencies'') are proposing to amend their regulations regarding 
loans in areas having special flood hazards to implement provisions of 
the Biggert-Waters Flood Insurance Reform Act of 2012. Specifically, 
the proposal establishes requirements with respect to the escrow of 
flood insurance payments, the acceptance of private flood insurance 
coverage, and the force-placement of flood insurance. The proposal also 
clarifies the Agencies' flood insurance regulations with respect to 
other amendments made by the Act and makes technical corrections. 
Furthermore, the OCC and the FDIC are proposing to integrate their 
flood insurance regulations for national banks and Federal savings 
associations and for State non-member banks and State savings 
associations, respectively.

Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and 
Monitoring (3064-AE04)

    The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, and the Federal Deposit 
Insurance Corporation requested comment on a proposed rule that would 
implement a quantitative liquidity requirement consistent with the 
liquidity coverage ratio standard established by the Basel Committee on 
Banking Supervision. The requirement is designed to promote the short-
term resilience of the liquidity risk profile of internationally active 
banking organizations, thereby improving the banking sector's ability 
to absorb shocks arising from financial and economic stress, as well as 
improvements in the measurement and management of liquidity risk. The 
proposed rule would apply to all internationally active banking 
organizations, generally, bank holding companies, certain savings and 
loan holding companies, and depository institutions with more than $250 
billion in total assets or more than $10 billion in on-balance sheet 
foreign exposure, and to their consolidated subsidiaries that are 
depository institutions with $10 billion or more in total consolidated 
assets. The proposed rule would also apply to companies designated for 
supervision by the Board by the Financial Stability Oversight Council 
under section 113 of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act that do not have significant insurance operations and to 
their consolidated subsidiaries that are depository institutions with 
$10 billion or more in total consolidated assets.

Restrictions on Sales of Assets of a Covered Financial Company by the 
Federal Deposit Insurance Corporation (3064-AE05)

    The Federal Deposit Insurance Corporation proposed a rule to 
implement a section of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act. Under the section, individuals or entities that have, 
or may have, contributed to the failure of a ``covered financial 
company'' cannot buy a covered financial company's assets from the 
FDIC. This proposed rule establishes a self-certification process that 
is a prerequisite to the purchase of assets of a covered financial 
company from the FDIC.

*Removal of Transferred OTS Regulations Regarding Disclosure and 
Reporting of CRA-Related Agreements and Amendments to 12 CFR Part 346 
of FDIC's Rules and Regulations (3064-AE09)

    In this notice of proposed rulemaking, the Federal Deposit 
Insurance Corporation is proposing to rescind and remove from the Code 
of Federal Regulations 12 CFR part 390, subpart H (Part 390, Subpart 
H), entitled ``Disclosure and Reporting of CRA-Related Agreements.'' 
This subpart was included in the regulations that were transferred to 
the FDIC from the Office of Thrift Supervision on July 21, 2011, in 
connection with the implementation of applicable provisions of title 
III of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 
The requirements for State savings associations in part 390, subpart H 
are substantively similar to those in the FDIC's 12 CFR part 346, which 
is also entitled ``Disclosure and Reporting of CRA-Related Agreements'' 
and is applicable for all insured depository institutions (IDIs) for 
which the FDIC has been designated the appropriate Federal banking 
agency. The FDIC is proposing to modify the scope of part 346, section 
346.1, to include State savings associations and their subsidiaries to 
conform to and reflect the scope of the FDIC's current supervisory 
responsibilities as the appropriate Federal banking agency. The FDIC is 
also proposing to add a new subsection (m) to section 346.11, which 
would define ``State savings association'' as having the same meaning 
as in section 3(b)(3) of the Federal Deposit Insurance Act, 12 U.S.C. 
1813(b)(3). This amendment would conform to and reflect the scope of 
the FDIC's current supervisory responsibilities as the appropriate 
Federal banking agency. The current provision occupying subsection (m) 
will be moved to a newly created subsection (n) within section 346.11. 
Upon removal of 12 CFR part 390, subpart H, the Disclosure and 
Reporting of CRA-Related Agreements, regulations applicable for all 
IDIs for which the FDIC has been designated the appropriate Federal 
banking agency will be found at 12 CFR part 346.

*Treatment of Certain Collateralized Debt Obligations Backed Primarily 
by Trust Preferred Securities with Regard to Prohibitions and 
Restrictions on Certain Interests in, and Relationships With, Hedge 
Funds and Private Equity Funds (3064-AE11)

    The Office of the Comptroller of the Currency, The Federal Reserve 
Board, the Federal Deposit Insurance Corporation, the U.S. Commodity 
Futures Trading Commission, and the Securities Exchange Commission 
(individually, an Agency, and collectively, the Agencies) are adopting 
an interim final rule that would permit banking entities to retain 
investments in certain pooled investment vehicles that invested their 
offering proceeds primarily in trust preferred or subordinated debt 
securities issued by community banking organizations of the type 
grandfathered under section 171 of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act. The interim final rule is a companion rule 
to the final rules adopted by the Agencies to implement section 13 of 
the Bank Holding Company Act of 1956, which was added by section 619 of 
the Dodd-Frank Act.

Long Term Actions

Removal of Transferred OTS Regulations Regarding Prompt Corrective 
Action and Modifications to Existing Federal Deposit Insurance 
Regulations (3064-AE02)

    The Federal Deposit Insurance Corporation (FDIC) will be proposing 
to rescind and remove from the Code of Federal Regulations 12 CFR part 
390, subpart Y, entitled Prompt Corrective Action (PCA). This subpart 
was included in the regulations that were transferred to the FDIC from 
the Office of Thrift Supervision on July 21, 2011, in connection with 
the implementation of applicable provisions of title III of the Dodd-
Frank Wall Street Reform and Consumer Protection Act. Upon removal of 
12 CFR part 390, subpart Y, the PCA regulations applicable for all 
insured depository institutions for which the FDIC has been designated 
the appropriate Federal banking agency will be found at 12 CFR part 
325, subpart B,

[[Page 34195]]

entitled Prompt Corrective Action, 12 CFR 325.2, entitled Definitions, 
and 12 CFR part 308, subpart Q, entitled Issuance and Review of Orders 
Pursuant to the Prompt Corrective Action Provisions of the Federal 
Deposit Insurance Act Rules (FDIC PCA Rules). The proposed rule also 
amends the FDIC PCA rules to ensure applicability to all insured 
depository institutions for which the FDIC has been designated the 
appropriate Federal banking agency.

Completed Actions

Prohibitions and Restrictions on Proprietary Trading and Certain 
Interests in, and Relationships With, Hedge Funds and Private Equity 
Funds (3064-AD85)

    The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation and U.S. Securities and Exchange Commission are adopting a 
rule that would implement section 13 of the BHC Act, which was added by 
section 619 of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act. Section 13 contains certain prohibitions and 
restrictions on the ability of a banking entity and nonbank financial 
company supervised by the Board to engage in proprietary trading and 
have certain interests in, or relationships with, a hedge fund or 
private equity fund.

Removal of Transferred OTS Regulations Regarding Recordkeeping and 
Confirmation Requirements for Securities Transactions Effected by State 
Savings Associations and Other Amendments (3064-AE06)

    The Federal Deposit Insurance Corporation (FDIC) is adopting a 
final rule to rescind and remove a regulation entitled ``Recordkeeping 
and Confirmation Requirements for Securities Transactions,'' and to 
amend another regulation also entitled ``Recordkeeping and Confirmation 
Requirements for Securities Transactions.'' The rescinded regulation 
was one of several rules transferred to the FDIC following dissolution 
of the former Office of Thrift Supervision (`OTS') in connection with 
the implementation of applicable provisions of title III of the Dodd-
Frank Wall Street Reform and Consumer Protection Act (`Dodd-Frank 
Act'). The Dodd-Frank Act provided that the former OTS rules that were 
transferred to the FDIC would be enforceable by or against the FDIC 
until they were modified, terminated, set aside, or superseded in 
accordance with applicable law by the FDIC, by any court of competent 
jurisdiction, or by operation of law. The FDIC received no comments on 
the Proposed Rule and consequently is adopting the Final Rule as 
proposed in the Notice of Proposed Rule without change. As a result, 
the recordkeeping and confirmation requirements for securities 
transactions effected on behalf of customers by all FDIC-supervised 
institutions will be found at the existing regulation entitled 
``Recordkeeping and Confirmation Requirements for Securities 
Transactions''.

    Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.

        Federal Deposit Insurance Corporation--Completed Actions
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                                                           Regulation
       Sequence No.                    Title             Identifier No.
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390.......................  12 CFR 324 Regulatory              3064-AD95
                             Capital Rules: Regulatory
                             Capital, Implementation
                             of Basel III Capital
                             Adequacy, Transition
                             Provisions, PCA,
                             Standardize Approach for
                             Risk-Weighted Assets.
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

Completed Actions

390. Regulatory Capital Rules: Regulatory Capital, Implementation of 
BASEL III Capital Adequacy, Transition Provisions, PCA, Standardize 
Approach for Risk-Weighted Assets

    Legal Authority: 12 U.S.C. 378; 12 U.S.C. 1813; 12 U.S.C. 1815; 12 
U.S.C. 1817 to 1820
    Abstract: The Federal Deposit Insurance Corporation (``FDIC'') is 
adopting an interim final rule that revises its risk-based and leverage 
capital requirements for FDIC-supervised institutions. This interim 
final rule is substantially identical to a joint final rule issued by 
the Office of the Comptroller of the Currency (``OCC'') and the Board 
of Governors of the Federal Reserve System (``Federal Reserve'') 
(together, with the FDIC, ``the Agencies''). The interim final rule 
consolidates three separate notices of proposed rulemaking that the 
agencies jointly published in the Federal Register on August 30, 2012, 
with selected changes. The interim final rule implements a revised 
definition of regulatory capital, a new common equity tier 1 minimum 
capital requirement, higher minimum tier 1 capital requirement, and, 
for FDIC-supervised institutions subject to the advanced approaches 
risk-based capital rules, a supplementary leverage ratio that 
incorporates a broader set of exposures in the denominator. The interim 
final rule incorporates these new requirements into the FDIC's prompt 
corrective action framework. In addition, the interim final rule 
establishes limits on FDIC-supervised institutions' capital 
distributions and certain discretionary bonus payments if the FDIC-
supervised institution does not hold a specified amount of common 
equity tier 1 capital in addition to the amount necessary to meet its 
minimum risk-based capital requirements. The interim final rule amends 
the methodologies for determining risk-weighted assets for all FDIC-
supervised institutions. The interim final rule also adopts changes to 
the FDIC's regulatory capital requirements that meet the requirements 
of section 171 and section 939A of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act. The interim final rule also codifies the 
FDIC's regulatory capital rules, which have previously resided in 
various appendices to their respective regulations, into a harmonized 
integrated regulatory framework. In addition, the FDIC is amending the 
market risk capital rule (market risk rule) to apply to state savings 
associations. The FDIC is issuing these revisions to its capital 
regulations as an interim final rule. The FDIC invites comments on the 
interaction of this rule with other proposed leverage ratio 
requirements applicable to large, systemically important banking 
organizations. This interim final rule otherwise contains regulatory 
text that is identical to the common rule text adopted as final rule by 
the Federal Reserve and the OCC. This interim final rule enables the 
FDIC to proceed on a unified, expedited basis with the other Federal 
banking agencies pending consideration of other issues. Specifically, 
the FDIC intends to evaluate this interim final rule in the context of 
the proposed well-capitalized

[[Page 34196]]

and buffer levels of the supplementary leverage ratio applicable to 
large, systemically important banking organizations, as described in a 
separate Notice of Proposed Rulemaking, titled, Regulatory Capital 
Rules: Regulatory Capital, Enhanced Supplementary Leverage Ratio 
Standards for Certain Bank Holding Companies and the Insured Depository 
Institutions They Control. The FDIC is seeking commenters' views on the 
interaction of this interim final rule with the proposed rule regarding 
the supplementary leverage ratio for large, systemically important 
banking organizations.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   08/30/12  77 FR 169
NPRM Comment Period End.............   10/22/12  .......................
Interim Final Rule..................   09/10/13  78 FR 55339
Interim Final Rule Comment Period      11/12/13  .......................
 End.
Final Rule..........................   04/14/14  79 FR 20754
Final Rule Effective................   04/14/14  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Bobby R. Bean, Associate Director, Federal Deposit 
Insurance Corporation, 550 17th Street NW., Washington, DC 20429, 
Phone: 202 898-3575, Email: bbean@fdic.gov.
    Ryan Billingsley, Chief, Capital Policy Section, Federal Deposit 
Insurance Corporation, 550 17th Street NW., Washington, DC 20429, 
Phone: 202 898-3797, Email: rbillingsley@fdic.gov.
    Karl Reitz, Chief, Capital Markets Strategies Section, Federal 
Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429, Phone: 202 898-6775, Email: kreitz@fdic.gov.
    Mark Handzlik, Counsel, Federal Deposit Insurance Corporation, 550 
17th Street NW., Washington, DC 20429, Phone: 202 898-3900, Email: 
mhandzlik@fdic.gov.
    Michael Phillips, Counsel, Federal Deposit Insurance Corporation, 
550 17th Street NW., Washington, DC 20429, Phone: 202 898-3581, Email: 
mphillips@fdic.gov.
    RIN: 3064-AD95

[FR Doc. 2014-13139 Filed 6-12-14; 8:45 am]
BILLING CODE 6714-01-P