{"abstract":"On February 14, 2019, 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 final rule to address changes to credit loss accounting under U.S. generally accepted accounting principles, including banking organizations' implementation of the current expected credit losses methodology (CECL) (final rule). The final rule had an effective date of April 1, 2019, and provides that banking organizations may early adopt the final rule prior to that date. The agencies have determined that adelay of the effective date to July 1, 2019, is appropriate.","action":"Final rule, delay of effective date.","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 Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2019/03/29/2019-06011.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":12},{"chapter":null,"citation_url":null,"part":3,"title":12},{"chapter":null,"citation_url":null,"part":5,"title":12},{"chapter":null,"citation_url":null,"part":23,"title":12},{"chapter":null,"citation_url":null,"part":24,"title":12},{"chapter":null,"citation_url":null,"part":32,"title":12},{"chapter":null,"citation_url":null,"part":46,"title":12},{"chapter":null,"citation_url":null,"part":208,"title":12},{"chapter":null,"citation_url":null,"part":211,"title":12},{"chapter":null,"citation_url":null,"part":215,"title":12},{"chapter":null,"citation_url":null,"part":217,"title":12},{"chapter":null,"citation_url":null,"part":223,"title":12},{"chapter":null,"citation_url":null,"part":225,"title":12},{"chapter":null,"citation_url":null,"part":252,"title":12},{"chapter":null,"citation_url":null,"part":324,"title":12},{"chapter":null,"citation_url":null,"part":325,"title":12},{"chapter":null,"citation_url":null,"part":327,"title":12},{"chapter":null,"citation_url":null,"part":347,"title":12},{"chapter":null,"citation_url":null,"part":390,"title":12}],"citation":"84 FR 11879","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The effective date of the final rule published February 14, 2019 (84 FR 4222) is delayed until July 1, 2019. Banking organizations may early adopt this final rule prior to that date.","disposition_notes":null,"docket_ids":["Docket ID OCC-2018-0009","Regulation Q","Docket No. R-1605"],"dockets":[],"document_number":"2019-06011","effective_on":"2019-02-14","end_page":11879,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/03/29/2019-06011.xml","html_url":"https://www.federalregister.gov/documents/2019/03/29/2019-06011/delay-of-effective-date-regulatory-capital-rule-implementation-and-transition-of-the-current","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-06011?publication_date=2019-03-29","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-03-29/2019-06011/mods.xml","not_received_for_publication":null,"page_length":1,"page_views":{"count":1488,"last_updated":"2026-04-04 14:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-03-29/pdf/2019-06011.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-06011.pdf?1553777118","publication_date":"2019-03-29","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/03/29/2019-06011.txt","regulation_id_number_info":{"7100-AF04":{"issue":"201810","html_url":"https://www.federalregister.gov/regulations/7100-AF04/regulation-q-regulatory-capital-rules-implementation-and-transition-of-the-current-expected-credit-l","title":"Regulation Q--Regulatory Capital Rules: Implementation and Transition of the Current Expected Credit Losses Methodology (Docket No: R-1605)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201810&RIN=7100-AF04&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3064-AE74":{"issue":"201810","html_url":"https://www.federalregister.gov/regulations/3064-AE74/regulatory-capital-rule-implementation-and-transition-of-the-current-expected-credit-losses-methodol","title":"Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201810&RIN=3064-AE74&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"1557-AE32":{"issue":"201810","html_url":"https://www.federalregister.gov/regulations/1557-AE32/regulatory-capital-rule-implementation-of-the-current-expected-credit-losses-standard-for-allowances","title":"Regulatory Capital Rule: Implementation of the Current Expected Credit Losses Standard for Allowances and Related Adjustments","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201810&RIN=1557-AE32&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1557-AE32","3064-AE74","7100-AF04"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations;","document_id":"OCC-2018-0009-0029"},{"title":"Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations","document_id":"OCC-2018-0009-0028"},{"title":"Regulatory Capital Rules: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rules and Conforming Amendments to Other Regulations","document_id":"OCC-2018-0009-0001"}],"comments_count":0,"agency_id":"OCC","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=OCC-2018-0009","supporting_documents_count":3,"docket_id":"OCC-2018-0009","document_id":"OCC-2018-0009-0029","regulation_id_number":null,"title":"Regulatory Capital Rules: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rules and Conforming Amendments to Other Regulations","checked_regulationsdotgov_at":"2022-06-03T03:30:05Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":11879,"subtype":null,"title":"Delay of Effective Date; Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations","toc_doc":"Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations;","toc_subject":"Regulatory Capital Rule:","topics":[],"type":"Rule","volume":84}