{"abstract":"The OCC, Board, and FDIC (collectively, the agencies) are inviting public comment on a notice of proposed rulemaking (proposal) that would address an advanced approaches banking organization's regulatory capital treatment of an investment in unsecured debt instruments issued by foreign or U.S. global systemically important banking organizations (GSIBs) for the purposes of meeting minimum total loss absorbing capacity (TLAC) and, where applicable, long-term debt (LTD) requirements, or unsecured debt instruments issued by GSIBs that are pari passu or subordinated to such debt instruments. Under the proposal, investments by an advanced approaches banking organization in such unsecured debt instruments generally would be subject to deduction from the advanced approaches banking organization's own regulatory capital. The proposal would reduce both interconnectedness within the financial system and systemic risk. The Board is proposing changes to regulatory reporting requirements resulting from the proposal. The Board is also proposing to require that banking organizations subject to minimum TLAC and LTD requirements under Board regulations publicly disclose their TLAC and LTD issuances in a manner described in this proposal.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF 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/2019/04/08/2019-06344.html","cfr_references":[{"chapter":null,"citation_url":null,"part":3,"title":12},{"chapter":null,"citation_url":null,"part":217,"title":12},{"chapter":null,"citation_url":null,"part":324,"title":12}],"citation":"84 FR 13814","comment_url":null,"comments_close_on":"2019-06-07","correction_of":null,"corrections":[],"dates":"Comments must be received by June 7, 2019.","disposition_notes":null,"docket_ids":["Docket ID OCC-2018-0019","Regulation Q","Docket No. R-1655"],"dockets":[{"supporting_documents":[],"agency_name":"OCC","documents":[{"comment_count":10,"comment_start_date":"2019-04-08","updated_at":"2023-02-28T14:23:44.504-05:00","comment_url":"https://www.regulations.gov/commenton/OCC-2018-0019-0001","allow_late_comments":null,"id":"OCC-2018-0019-0001","comment_end_date":"2019-06-08","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"OCC-2018-0019","title":"Regulatory Capital Treatment for Investments in Certain Long Term Unsecured Debt Instruments of Systemically Important U.S. Bank Holding Companies and Certain Intermediate Holding Companies"}],"document_number":"2019-06344","effective_on":null,"end_page":13838,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/04/08/2019-06344.xml","html_url":"https://www.federalregister.gov/documents/2019/04/08/2019-06344/regulatory-capital-treatment-for-investments-in-certain-unsecured-debt-instruments-of-global","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-06344?publication_date=2019-04-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-04-08/2019-06344/mods.xml","not_received_for_publication":null,"page_length":25,"page_views":{"count":3662,"last_updated":"2026-04-05 04:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-04-08/pdf/2019-06344.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-06344.pdf?1554468316","publication_date":"2019-04-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/04/08/2019-06344.txt","regulation_id_number_info":{"1557-AE38":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1557-AE38/heightened-capital-requirements-for-investments-in-long-term-debt-instruments-issued-by-global-syste","title":"Heightened Capital Requirements for Investments in Long-Term Debt Instruments Issued by Global Systemically Important Bank Holding Companies and Intermediate Holding Companies ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1557-AE38&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3064-AE79":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/3064-AE79/regulatory-capital-treatment-for-investments-in-long-term-debt-instruments","title":"Regulatory Capital Treatment for Investments in Long-Term Debt Instruments","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=3064-AE79&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"7100-AF43":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/7100-AF43/regulation-q-regulatory-capital-treatment-for-investments-in-certain-unsecured-debt-instruments-of-g","title":"Regulation Q--Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies (Docket No: R-1655)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=7100-AF43&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1557-AE38","3064-AE79","7100-AF43"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FDIC","document_id":"FDIC-2019-0040-0001","checked_regulationsdotgov_at":"2023-02-28T19:23:42Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":13814,"subtype":null,"title":"Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies, and Global Systemically Important Foreign Banking Organizations","toc_doc":"Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies, and Global Systemically Important Foreign Banking Organizations","toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Federal Reserve System","Holding companies","National banks","Savings associations"],"type":"Proposed Rule","volume":84}