Proposed Rule2023-23671
Regulatory Capital Rule: Large Banking Organizations and Banking Organizations With Significant Trading Activity; Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 27, 2023
Issuing agencies
Treasury DepartmentComptroller of the CurrencyFederal Reserve SystemFederal Deposit Insurance Corporation
Abstract
On September 18, 2023, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) published in the Federal Register a proposal to substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity. The agencies have determined that an extension of the comment period until January 16, 2024, is appropriate.
Full Text
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<title>Federal Register, Volume 88 Issue 207 (Friday, October 27, 2023)</title>
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[Federal Register Volume 88, Number 207 (Friday, October 27, 2023)]
[Proposed Rules]
[Pages 73770-73772]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-23671]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
12 CFR Parts 3, 6, 32
[Docket ID OCC-2023-0008]
RIN 1557-AE78
FEDERAL RESERVE SYSTEM
12 CFR Parts 208, 217, 225, 238, 252
[Docket No. R-1813]
RIN 7100-AG64
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 324
RIN 3064-AF29
Regulatory Capital Rule: Large Banking Organizations and Banking
Organizations With Significant Trading Activity; Extension of Comment
Period
AGENCY: Office of the Comptroller of the Currency, Treasury; the Board
of Governors of the Federal Reserve System; and the Federal Deposit
Insurance Corporation.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: On September 18, 2023, the Board of Governors of the Federal
Reserve System (Board), the Federal Deposit Insurance Corporation
(FDIC), and the Office of the Comptroller of the Currency (OCC)
(collectively, the agencies) published in the Federal Register a
proposal to substantially revise the capital requirements applicable to
large banking organizations and to banking organizations with
significant trading activity. The agencies have determined that an
extension of the comment period until January 16, 2024, is appropriate.
DATES: Comments must be received by January 16, 2024.
ADDRESSES: Comments should be directed to:
OCC: Commenters are encouraged to submit comments through the
Federal eRulemaking Portal. Please use the title ``Regulatory Capital
Rule: Large Banking Organizations and Banking Organizations With
Significant Trading Activity'' to facilitate the organization and
distribution of the comments. You may submit comments by any of the
following methods:
<bullet> Federal eRulemaking Portal--<a href="http://Regulations.gov">Regulations.gov</a>:
Go to <a href="https://regulations.gov/">https://regulations.gov/</a>. Enter ``Docket ID OCC-2023-0008''
in the
[[Page 73771]]
Search Box and click ``Search.'' Public comments can be submitted via
the ``Comment'' box below the displayed document information or by
clicking on the document title and then clicking the ``Comment'' box on
the top-left side of the screen. For help with submitting effective
comments, please click on ``Commenter's Checklist.'' For assistance
with the <a href="http://Regulations.gov">Regulations.gov</a> site, please call 1-866-498-2945 (toll free)
Monday-Friday, 9 a.m.-5 p.m. ET, or email <a href="/cdn-cgi/l/email-protection#afddcac8dac3cedbc6c0c1dcc7cac3dfcbcadcc4efc8dcce81c8c0d9"><span class="__cf_email__" data-cfemail="94e6f1f3e1f8f5e0fdfbfae7fcf1f8e4f0f1e7ffd4f3e7f5baf3fbe2">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, 400 7th Street
SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``Docket ID OCC-2023-0008'' in your comment. In general, the OCC will
enter all comments received into the docket and publish the comments on
the <a href="http://Regulations.gov">Regulations.gov</a> website without change, including any business or
personal information provided such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this action by the following method:
<bullet> Viewing Comments Electronically--<a href="http://Regulations.gov">Regulations.gov</a>:
Go to <a href="https://regulations.gov/">https://regulations.gov/</a>. Enter ``Docket ID OCC-2023-0008''
in the Search Box and click ``Search.'' Click on the ``Dockets'' tab
and then the document's title. After clicking the document's title,
click the ``Browse All Comments'' tab. Comments can be viewed and
filtered by clicking on the ``Sort By'' drop-down on the right side of
the screen or the ``Refine Comments Results'' options on the left side
of the screen. Supporting materials can be viewed by clicking on the
``Browse Documents'' tab. Click on the ``Sort By'' drop-down on the
right side of the screen or the ``Refine Results'' options on the left
side of the screen checking the ``Supporting & Related Material''
checkbox. For assistance with the <a href="http://Regulations.gov">Regulations.gov</a> site, please call 1-
866-498-2945 (toll free) Monday-Friday, 9 a.m.-5 p.m. ET, or email
<a href="/cdn-cgi/l/email-protection#12607775677e73667b7d7c617a777e6276776179527561733c757d64"><span class="__cf_email__" data-cfemail="35475052405954415c5a5b465d5059455150465e755246541b525a43">[email protected]</span></a>.
The docket may be viewed after the close of the comment period in
the same manner as during the comment period.
Board: You may submit comments, identified by Docket No. R-1813,
RIN 7100-AG64 by any of the following methods:
Agency website: <a href="https://www.federalreserve.gov">https://www.federalreserve.gov</a>. Follow the
instructions for submitting comments at <a href="https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm">https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm</a>.
Federal eRulemaking Portal: <a href="https://www.regulations.gov">https://www.regulations.gov</a>. Follow the
instructions for submitting comments.
Email: <a href="/cdn-cgi/l/email-protection#1b697e7c6835787476767e756f685b7d7e7f7e697a77697e687e696d7e357c746d"><span class="__cf_email__" data-cfemail="89fbeceefaa7eae6e4e4ece7fdfac9efecedecfbe8e5fbecfaecfbffeca7eee6ff">[email protected]</span></a>. Include the docket number
and RIN in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, Secretary, Board of Governors of the Federal
Reserve System, 20th Street and Constitution Avenue NW, Washington, DC
20551.
In general, all public comments will be made available on the
Board's website at <a href="http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm">www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm</a> as submitted, and will not be modified to remove
confidential, contact or any identifiable information. Public comments
may also be viewed electronically or in paper in Room M-4365A, 2001 C
St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal
business weekdays.
FDIC: The FDIC encourages interested parties to submit written
comments. Please include your name, affiliation, address, email
address, and telephone number(s) in your comment. You may submit
comments to the FDIC, identified by RIN 3064-AF29 by any of the
following methods:
Agency website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications">https://www.fdic.gov/resources/regulations/federal-register-publications</a>. Follow instructions for submitting comments on
the FDIC's website.
Mail: James P. Sheesley, Assistant Executive Secretary, Attention:
Comments/Legal OES (RIN 3064-AF29), Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
Hand Delivered/Courier: Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street NW, building (located on F
Street NW) on business days between 7:00 a.m. and 5:00 p.m.
Email: <a href="/cdn-cgi/l/email-protection#b5d6dad8d8d0dbc1c6f5f3f1fcf69bd2dac3"><span class="__cf_email__" data-cfemail="4f2c2022222a213b3c0f090b060c61282039">[email protected]</span></a>. Include the RIN 3064-AF29 on the subject
line of the message.
Public Inspection: Comments received, including any personal
information provided, may be posted without change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications">https://www.fdic.gov/resources/regulations/federal-register-publications</a>.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative example of identical or
substantially identical comments, and in such cases will generally
identify the number of identical or substantially identical comments
represented by the posted example. All comments that have been
redacted, as well as those that have not been posted, that contain
comments on the merits of this document will be retained in the public
comment file and will be considered as required under all applicable
laws. All comments may be accessible under the Freedom of Information
Act.
FOR FURTHER INFORMATION CONTACT:
OCC: Venus Fan, Risk Expert, Benjamin Pegg, Analyst, Andrew
Tschirhart, Risk Expert, or Diana Wei, Risk Expert, Capital Policy,
(202) 649-6370; Carl Kaminski, Assistant Director, Kevin Korzeniewski,
Counsel, Rima Kundnani, Counsel, or Daniel Perez, Counsel, Chief
Counsel's Office, (202) 649-5490, Office of the Comptroller of the
Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
Board: Anna Lee Hewko, Associate Director, (202) 530-6260; Brian
Chernoff, Manager, (202) 452-2952; Andrew Willis, Manager, (202) 912-
4323; Cecily Boggs, Lead Financial Institution Policy Analyst, (202)
530-6209; Marco Migueis, Principal Economist, (202) 452-6447; Diana
Iercosan, Principal Economist, (202) 912-4648; Nadya Zeltser, Senior
Financial Institution Policy Analyst, (202) 452-3164; Division of
Supervision and Regulation; or Jay Schwarz, Assistant General Counsel,
(202) 452-2970; Mark Buresh, Special Counsel, (202) 452-5270; Andrew
Hartlage, Special Counsel, (202) 452-6483; Gillian Burgess, Senior
Counsel, (202) 736-5564; Jonah Kind, Senior Counsel, (202) 452-2045,
Legal Division, Board of Governors of the Federal Reserve System, 20th
Street and Constitution Avenue NW, Washington, DC 20551. For users of
TTY-TRS, please call 711 from any telephone, anywhere in the United
States.
FDIC: Benedetto Bosco, Chief Capital Policy Section; Bob Charurat,
Corporate
[[Page 73772]]
Expert; Irina Leonova, Corporate Expert; Andrew Carayiannis, Chief,
Policy and Risk Analytics Section; Brian Cox, Chief, Capital Markets
Strategies Section; David Riley, Senior Policy Analyst; Michael
Maloney, Senior Policy Analyst; Richard Smith, Capital Markets Policy
Analyst; Olga Lionakis, Capital Markets Policy Analyst; Kyle McCormick,
Senior Policy Analyst; Keith Bergstresser, Senior Policy Analyst,
Capital Markets and Accounting Policy Branch, Division of Risk
Management Supervision; Catherine Wood, Counsel; Benjamin Klein,
Supervisory Counsel; Anjoly David, Attorney, Legal Division;
<a href="/cdn-cgi/l/email-protection#b8cadddfcdd4d9ccd7cac1dbd9c8d1ccd9d4f8dedcd1db96dfd7ce"><span class="__cf_email__" data-cfemail="5c2e393b29303d28332e253f3d2c35283d301c3a38353f723b332a">[email protected]</span></a>, (202) 898-6888; Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On September 18, 2023, the agencies
published in the Federal Register a proposal to substantially revise
the capital requirements applicable to large banking organizations and
to banking organizations with significant trading activity.\1\ The
notice of proposed rulemaking stated that the comment period would
close on November 30, 2023. The agencies have 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
agencies. Therefore, the agencies are extending the end of the comment
period for the proposal from November 30, 2023, to January 16, 2024.
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\1\ 88 FR 64028 (September 18, 2023).
Michael J. Hsu,
Acting Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority.
Ann E. Misback,
Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 19, 2023.
Debra A. Decker,
Executive Secretary.
[FR Doc. 2023-23671 Filed 10-26-23; 8:45 am]
BILLING CODE 6210-01-P; 4810-33-P; 6714-01-P
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