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2018-02-01
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Amendments to the Capital Plan and Stress Test Rules; Regulations Y and YY
Part III
Rules and Regulations
D09002ee1bdbf646a
D09002ee1bdbf6a55
United States
Federal Reserve System
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United States Government Agency or Subagency
The Board is adopting a final rule that revises the capital plan and stress test rules for bank holding companies with $50 billion or more in total consolidated assets and U.S. intermediate holding companies (IHCs) of foreign banking organizations. Under the final rule, large and noncomplex firms (those with total consolidated assets of at least $50 billion but less than $250 billion, nonbank assets of less than $75 billion, and that are not U.S. global-systemically important banks) are no longer subject to the provisions of the Board's capital plan rule whereby the Board may object to a capital plan on the basis of qualitative deficiencies in the firm's capital planning process. Accordingly, these firms will no longer be subject to the qualitative component of the annual Comprehensive Capital Analysis and Review (CCAR). The final rule also modifies certain regulatory reports to collect additional information on nonbank assets and to reduce reporting burdens for large and noncomplex firms. For all bank holding companies subject to the capital plan rule, the final rule simplifies the initial applicability provisions of both the capital plan and the stress test rules, reduces the amount of additional capital distributions that a bank holding company may make during a capital plan cycle without seeking the Board's prior approval, and extends the range of potential as-of dates the Board may use for the trading and counterparty scenario component used in the stress test rules. The final rule does not apply to bank holding companies with total consolidated assets of less than $50 billion or to any state member bank or savings and loan holding company.
82 FR 9308
https://www.govinfo.gov/app/details/FR-2017-02-03/2017-02257
2017-02257
fr03fe17-14
RIN 7100-AE59
6210-01-P
Docket No. R-1548
https://www.govinfo.gov/app/details/FR-2017-02-03/2017-02257
https://www.govinfo.gov/content/pkg/FR-2017-02-03/html/2017-02257.htm
https://www.govinfo.gov/content/pkg/FR-2017-02-03/pdf/2017-02257.pdf
Administrative Practice and Procedure
Banks
Banking
Capital Planning
Holding Companies
Reporting and Recordkeeping Requirements Securities
Stress Testing
Banking
Federal Reserve System
Reporting and Recordkeeping Requirements
Securities
23 p.
9308
9330
82 FR 9308
Code of Federal Regulations
Title 12 Part 225
12 CFR Part 225
Code of Federal Regulations
Title 12 Part 252
12 CFR Part 252
Regulation Identification Number 7100-AE59
RIN 7100-AE59
Amendments to the Capital Plan and Stress Test Rules; Regulations Y and YY; Federal Register Vol. 82, Issue
RULE
2017-02257
III
FEDERAL RESERVE SYSTEM
2017-03-06
Docket No. R-1548
6210-01-P
2017-02257
Final rule.
The Board is adopting a final rule that revises the capital plan and stress test rules for bank holding companies with $50 billion or more in total consolidated assets and U.S. intermediate holding companies (IHCs) of foreign banking organizations. Under the final rule, large and noncomplex firms (those with total consolidated assets of at least $50 billion but less than $250 billion, nonbank assets of less than $75 billion, and that are not U.S. global-systemically important banks) are no longer subject to the provisions of the Board's capital plan rule whereby the Board may object to a capital plan on the basis of qualitative deficiencies in the firm's capital planning process. Accordingly, these firms will no longer be subject to the qualitative component of the annual Comprehensive Capital Analysis and Review (CCAR). The final rule also modifies certain regulatory reports to collect additional information on nonbank assets and to reduce reporting burdens for large and noncomplex firms. For all bank holding companies subject to the capital plan rule, the final rule simplifies the initial applicability provisions of both the capital plan and the stress test rules, reduces the amount of additional capital distributions that a bank holding company may make during a capital plan cycle without seeking the Board's prior approval, and extends the range of potential as-of dates the Board may use for the trading and counterparty scenario component used in the stress test rules. The final rule does not apply to bank holding companies with total consolidated assets of less than $50 billion or to any state member bank or savings and loan holding company.
Effective Date: March 6, 2017.
Lisa Ryu, Associate Director, (202) 263-4833, Richard Naylor, Associate Director, (202) 728-5854, Molly Mahar, Deputy Associate Director, (202) 973-7360, Constance Horsley, Assistant Director, (202) 452-5239, Mona Touma Elliot, Manager, (202) 912-4688, Celeste Molleur, Manager (202) 452-2783, Elizabeth MacDonald, Manager, (202) 475-6316, Christine Graham, Senior Supervisory Financial Analyst, (202) 452-3005, Seth Ruhter, Senior Supervisory Financial Analyst, (202) 452-3997, Joseph Cox, Supervisory Financial Analyst, (202) 452-3216, Kevin Tran, Supervisory Financial Analyst, (202) 452- 2309, or Hillel Kipnis, Financial Analyst, (202) 452-2924, Division of Banking Supervision and Regulation; Laurie Schaffer, Associate General Counsel, (202) 452-2272, Benjamin McDonough, Assistant General Counsel, (202) 452-2036, Julie Anthony, Counsel, (202) 475-6682, Brian Chernoff, Senior Attorney, (202) 452-2952, or Amber Hay, Senior Attorney, (202) 973-6997, 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
Banking
Federal Reserve System
Reporting and Recordkeeping Requirements
Securities
Amendments to the Capital Plan and Stress Test Rules
,
https://www.federalreserve.gov/bankinforeg/srletters/sr1107.htm
https://www.federalreserve.gov/bankinforeg/srletters/sr1518.htm
https://www.federalreserve.gov/bankinforeg/srletters/sr1519.htm
https://www.federalreserve.gov/reportforms/forms/FR_Y-14Q20161231_i.pdf
www.federalreserve.gov/boarddocs/srletters/2001/sr0101.htm
www.federalreserve.gov/newsevents/speech/tarullo20160926a.htm
Federal Register
Vol. 82, no. 22
Office of the Federal Register, National Archives and Records Administration
2017-02-03
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221 p.
Table of Contents:
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https://www.govinfo.gov/app/details/FR-2017-02-03
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https://www.govinfo.gov/app/details/FR-2017-02-03
https://www.govinfo.gov/content/pkg/FR-2017-02-03/pdf/FR-2017-02-03.pdf
https://www.govinfo.gov/content/pkg/FR-2017-02-03/xml/FR-2017-02-03.xml
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