Regulatory Capital Rules: Risk-Based Capital Requirements for Depository Institution Holding Companies Significantly Engaged in Insurance Activities; Extension of Comment Period, 67381 [2019-26475]

Download as PDF 67381 Proposed Rules Federal Register Vol. 84, No. 237 Tuesday, December 10, 2019 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For the hearing impaired only, Telecommunication Device for the Deaf, (202) 263–4869. On October 24, 2019, the Board published in the Federal Register a proposal to establish risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.1 The Board is proposing a risk-based capital framework, termed the Building Block Approach, that adjusts and aggregates existing legal entity capital requirements to determine an enterprise-wide capital requirement, together with a risk-based capital requirement excluding insurance activities, in compliance with section 171 of the Dodd-Frank Act. The Board is additionally proposing to apply a buffer to limit an insurance depository institution holding company’s capital distributions and discretionary bonus payments if it does not hold sufficient capital relative to enterprise-wide risk, including risk from insurance activities. The proposal would also revise reporting requirements for depository institution holding companies significantly engaged in insurance activities. The notice of proposed rulemaking stated that the comment period would close on December 23, 2019. The Board subsequently received requests to extend the comment period. An extension of the comment period will provide additional opportunity for the public to consider the proposal and prepare comments, including to address the questions posed by the Board in the proposal. Therefore, the Board is extending the end of the comment period for the proposal from December 23, 2019, to January 22, 2020. SUPPLEMENTARY INFORMATION: FEDERAL RESERVE SYSTEM 12 CFR Part 217 and 252 [Docket No. R–1673] RIN 7100–AF 56 Regulatory Capital Rules: Risk-Based Capital Requirements for Depository Institution Holding Companies Significantly Engaged in Insurance Activities; Extension of Comment Period Board of Governors of the Federal Reserve System. ACTION: Notice of proposed rulemaking; extension of comment period. AGENCY: On October 24, 2019, the Board of Governors of the Federal Reserve System (Board), published in the Federal Register a proposal to establish risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities. The Board has determined that an extension of the comment period until January 22, 2020, is appropriate. DATES: For the notice of proposed rulemaking published on October 24, 2019 (84 FR 57240), comments must be received by January 22, 2020. ADDRESSES: You may submit comments by any of the methods identified in the proposal. FOR FURTHER INFORMATION CONTACT: Thomas Sullivan, Associate Director, (202) 475–7656; Linda Duzick, Manager, (202) 728–5881; Matti Peltonen, Supervisory Insurance Valuation Analyst, (202) 872–7587; Brad Roberts, Supervisory Insurance Valuation Analyst, (202) 452–2204; or Matthew Walker, Supervisory Insurance Valuation Analyst, (202) 872–4971; Division of Supervision and Regulation; or Laurie Schaffer, Associate General Counsel, (202) 452–2272; David Alexander, Senior Counsel, (202) 452– 2877; Andrew Hartlage, Counsel, (202) 452–6483; or Jonah Kind, Senior Attorney, (202) 452–2045; Legal jbell on DSKJLSW7X2PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 16:46 Dec 09, 2019 Jkt 250001 By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, December 4, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–26475 Filed 12–9–19; 8:45 am] BILLING CODE P 1 84 PO 00000 FR 57240 (October 24, 2019). Frm 00001 Fmt 4702 Sfmt 4702 DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 71 [Docket No. FAA–2019–0842; Airspace Docket No. 18–AGL–15] RIN 2120–AA66 Proposed Amendment of VOR Federal Airways V–59, V–92, V–115, and V–117 in the Vicinity of Newcomerstown, OH Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking (NPRM). AGENCY: This action proposes to amend VHF Omnidirectional Range (VOR) Federal airways V–59, V–92, V– 115, and V–117 due to the planned decommissioning of the VOR portion of the Newcomerstown, OH (CTW), VOR/ Distance Measuring Equipment (VOR/ DME) navigation aid (NAVAID). The Newcomerstown VOR is being decommissioned in support of the FAA’s VOR Minimum Operational Network (MON) program and service availability issues. DATES: Comments must be received on or before January 24, 2020. ADDRESSES: Send comments on this proposal to the U.S. Department of Transportation, Docket Operations, 1200 New Jersey Avenue SE, West Building Ground Floor, Room W12–140, Washington, DC 20590; telephone: 1(800) 647–5527, or (202) 366–9826. You must identify FAA Docket No. FAA–2019–0842; Airspace Docket No. 18–AGL–15 at the beginning of your comments. You may also submit comments through the internet at https://www.regulations.gov. FAA Order 7400.11D, Airspace Designations and Reporting Points, and subsequent amendments can be viewed online at https://www.faa.gov/air_ traffic/publications/. For further information, you can contact the Rules and Regulations Group, Federal Aviation Administration, 800 Independence Avenue SW, Washington, DC 20591; telephone: (202) 267–8783. The Order is also available for inspection at the National Archives and Records Administration (NARA). For information on the availability of FAA Order 7400.11D at NARA, email: fedreg.legal@nara.gov or go to https:// SUMMARY: E:\FR\FM\10DEP1.SGM 10DEP1

Agencies

[Federal Register Volume 84, Number 237 (Tuesday, December 10, 2019)]
[Proposed Rules]
[Page 67381]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26475]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 84, No. 237 / Tuesday, December 10, 2019 / 
Proposed Rules

[[Page 67381]]



FEDERAL RESERVE SYSTEM

12 CFR Part 217 and 252

[Docket No. R-1673]
RIN 7100-AF 56


Regulatory Capital Rules: Risk-Based Capital Requirements for 
Depository Institution Holding Companies Significantly Engaged in 
Insurance Activities; Extension of Comment Period

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice of proposed rulemaking; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On October 24, 2019, the Board of Governors of the Federal 
Reserve System (Board), published in the Federal Register a proposal to 
establish risk-based capital requirements for depository institution 
holding companies that are significantly engaged in insurance 
activities. The Board has determined that an extension of the comment 
period until January 22, 2020, is appropriate.

DATES: For the notice of proposed rulemaking published on October 24, 
2019 (84 FR 57240), comments must be received by January 22, 2020.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal.

FOR FURTHER INFORMATION CONTACT: Thomas Sullivan, Associate Director, 
(202) 475-7656; Linda Duzick, Manager, (202) 728-5881; Matti Peltonen, 
Supervisory Insurance Valuation Analyst, (202) 872-7587; Brad Roberts, 
Supervisory Insurance Valuation Analyst, (202) 452-2204; or Matthew 
Walker, Supervisory Insurance Valuation Analyst, (202) 872-4971; 
Division of Supervision and Regulation; or Laurie Schaffer, Associate 
General Counsel, (202) 452-2272; David Alexander, Senior Counsel, (202) 
452-2877; Andrew Hartlage, Counsel, (202) 452-6483; or Jonah Kind, 
Senior Attorney, (202) 452-2045; Legal Division, Board of Governors of 
the Federal Reserve System, 20th and C Streets NW, Washington, DC 
20551. For the hearing impaired only, Telecommunication Device for the 
Deaf, (202) 263-4869.

SUPPLEMENTARY INFORMATION: On October 24, 2019, the Board published in 
the Federal Register a proposal to establish risk-based capital 
requirements for depository institution holding companies that are 
significantly engaged in insurance activities.\1\ The Board is 
proposing a risk-based capital framework, termed the Building Block 
Approach, that adjusts and aggregates existing legal entity capital 
requirements to determine an enterprise-wide capital requirement, 
together with a risk-based capital requirement excluding insurance 
activities, in compliance with section 171 of the Dodd-Frank Act. The 
Board is additionally proposing to apply a buffer to limit an insurance 
depository institution holding company's capital distributions and 
discretionary bonus payments if it does not hold sufficient capital 
relative to enterprise-wide risk, including risk from insurance 
activities. The proposal would also revise reporting requirements for 
depository institution holding companies significantly engaged in 
insurance activities. The notice of proposed rulemaking stated that the 
comment period would close on December 23, 2019. The Board subsequently 
received requests to extend the comment period. An extension of the 
comment period will provide additional opportunity for the public to 
consider the proposal and prepare comments, including to address the 
questions posed by the Board in the proposal. Therefore, the Board is 
extending the end of the comment period for the proposal from December 
23, 2019, to January 22, 2020.
---------------------------------------------------------------------------

    \1\ 84 FR 57240 (October 24, 2019).

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, December 4, 2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-26475 Filed 12-9-19; 8:45 am]
BILLING CODE P