{"abstract":"The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are inviting public comment on a notice of proposed rulemaking (proposal) that would provide for a simple measure of capital adequacy for certain community banking organizations, consistent with section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Under the proposal, most depository institutions and depository institution holding companies that have less than $10 billion in total consolidated assets, that meet risk-based qualifying criteria, and that have a community bank leverage ratio (as defined in the proposal) of greater than 9 percent would be eligible to opt into a community bank leverage ratio framework. Such banking organizations that elect to use the community bank leverage ratio and that maintain a community bank leverage ratio of greater than 9 percent would not be subject to other risk-based and leverage capital requirements and would be considered to have met the well capitalized ratio requirements for purposes of section 38 of the Federal Deposit Insurance Act and regulations implementing that section, as applicable, and the generally applicable capital requirements under the agencies' capital rule.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the 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FR 3062","comment_url":null,"comments_close_on":"2019-04-09","correction_of":null,"corrections":[],"dates":"Comments must be received by April 9, 2019.","disposition_notes":null,"docket_ids":["Docket ID OCC-2018-0040","Regulation Q","Docket No. R-1638"],"dockets":[{"supporting_documents":[{"title":"Posted in Error","document_id":"OCC-2018-0040-0047"}],"agency_name":"OCC","documents":[{"comment_count":1172,"comment_start_date":"2019-02-08","updated_at":"2023-02-28T21:07:57.156-05:00","comment_url":"https://www.regulations.gov/commenton/OCC-2018-0040-0001","allow_late_comments":null,"id":"OCC-2018-0040-0001","comment_end_date":"2019-04-10","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":1,"id":"OCC-2018-0040","title":"Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking 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opportunity","Exports","Fair housing","Federal Reserve System","Foreign banking","Government employees","Holding companies","Individuals with disabilities","Investments","Low and moderate income housing","Manufactured homes","Mortgages","National banks","Penalties","Reporting and recordkeeping requirements","Reporting and recordkeeping requirements","Rural areas","Savings associations","Securities","Small businesses"],"type":"Proposed Rule","volume":84}