Simplifications to the Capital Rules Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA)

34 organizations filed 36 public comments on Simplifications to the Capital Rules Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), at the Office of the Comptroller of the Currency. The comment window closed 3136d ago.

Abstract

In March 2017, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) submitted a report to Congress pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996, in which they committed to meaningfully reduce regulatory burden, especially on community banking organizations. Consistent with that commitment, the agencies are inviting public comment on a notice of proposed rulemaking that would simplify compliance with certain aspects of the capital rule. A majority of the proposed simplifications would apply solely to banking organizations that are not subject to the advanced approaches capital rule (non-advanced approaches banking organizations). Specifically, the agencies are proposing that non-advanced approaches banking organizations apply a simpler regulatory capital treatment for: mortgage servicing assets; certain deferred tax assets arising from temporary differences; investments in the capital of unconsolidated financial institutions; and capital issued by a consolidated subsidiary of a banking organization and held by third parties (minority interest). More generally, the proposal also includes revisions to the treatment of certain acquisition, development, or construction exposures that are designed to address comments regarding the current definition of high volatility commercial real estate exposure under the capital rule’s standardized approach. Under the standardized approach, the proposed revisions to the treatment of acquisition, development, or construction exposures would not apply to existing exposures that are outstanding or committed prior to any final rule’s effective date. In addition to the proposed simplifications, the agencies also are proposing various additional clarifications and technical amendments to the agencies’ capital rule, which would apply to both non-advanced approaches banking organizations and advanced approaches banking organizations.

Commenters (34)

• Mortgage Bankers Associationtrade assoc.

  2 filings · confidence 97%
• The Real Estate Roundtabletrade assoc.

  2 filings · confidence 85%
• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• American Express Company and Deere & Companyunverified attribution

  1 filing · confidence 70%
• American First National Bankunverified attribution

  1 filing · confidence 70%
• Basel III Community Bank Coalitiontrade assoc.

  1 filing · confidence 85%
• Bay Area Development Companyunverified attribution

  1 filing · confidence 70%
• Bay Colony Development Corp.unverified attribution

  1 filing · confidence 70%
• Branch Banking and Trust Companyunverified attribution

  1 filing · confidence 70%
• CCD Business Development Corp.unverified attribution

  1 filing · confidence 70%
• Community Bankers Association of Illinoistrade assoc.

  1 filing · confidence 85%
• Conference of State Bank Supervisorstrade assoc.

  1 filing · confidence 85%
• CRE Finance Counciltrade assoc.

  1 filing · confidence 85%
• Florida Business Development Corporationunverified attribution

  1 filing · confidence 70%
• Inc. & EagleBankunverified attribution

  1 filing · confidence 70%
• Independent Development Services Corporationunverified attribution

  1 filing · confidence 70%
• Massachusetts Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Mid-Size Bank Coalition of Americatrade assoc.

  1 filing · confidence 85%
• National Association of Development Companiestrade assoc.

  1 filing · confidence 85%
• National Association of Development Companies (NADCO) (2)trade assoc.

  1 filing · confidence 85%
• National Association of Government Guaranteed Lenderstrade assoc.

  1 filing · confidence 85%
• National Association of Home Builderstrade assoc.

  1 filing · confidence 97%
• National Association of Industrial Bankerstrade assoc.

  1 filing · confidence 85%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• National Multifamily Housing Council (NMHC) and National Apartment Associationtrade assoc.

  1 filing · confidence 85%
• Natl' Apartment Association and five other organizations.trade assoc.

  1 filing · confidence 85%
• Oklahoma Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Regional Development Companyunverified attribution

  1 filing · confidence 70%
• Southland Economic Development Corporationunverified attribution

  1 filing · confidence 70%
• The Financial Services Roundtabletrade assoc.

  1 filing · confidence 85%
• The PNC Financial Services Groupunverified attribution

  1 filing · confidence 70%
• U.S. Small Business Association - Office of Advocacytrade assoc.

  1 filing · confidence 85%
• Wells Fargo & Companyunverified attribution

  1 filing · confidence 70%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%