{"abstract":"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) are inviting comment on an interim final rule that delays the estimated impact on regulatory capital stemming from the implementation of Accounting Standards Update No. 2016-13, Financial Instruments--Credit Losses, Topic 326, Measurement of Credit Losses on Financial Instruments (CECL). The interim final rule provides banking organizations that implement CECL before the end of 2020 the option to delay for two years an estimate of CECL's effect on regulatory capital, relative to the incurred loss methodology's effect on regulatory capital, followed by a three-year transition period. The agencies are providing this relief to allow such banking organizations to better focus on supporting lending to creditworthy households and businesses in light of recent strains on the U.S. economy as a result of the coronavirus disease 2019 (COVID- 19), while also maintaining the quality of regulatory capital.","action":"Interim final rule, request for comment.","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/2020/03/31/2020-06770.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":"85 FR 17723","comment_url":null,"comments_close_on":"2020-05-15","correction_of":null,"corrections":[],"dates":"Effective date: The interim final rule is effective March 31, 2020. Comment date: Comments on the interim final rule must be received no later than May 15, 2020.","disposition_notes":null,"docket_ids":["Docket ID OCC-2020-0010","Regulation Q","Docket No. R-1708"],"dockets":[{"supporting_documents":[],"agency_name":"OCC","documents":[{"comment_count":7,"comment_start_date":"2020-03-31","updated_at":"2023-02-28T13:40:48.381-05:00","comment_url":"https://www.regulations.gov/commenton/OCC-2020-0010-0001","allow_late_comments":null,"id":"OCC-2020-0010-0001","comment_end_date":"2020-05-16","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"OCC-2020-0010","title":"Regulatory Capital Rule:  Revised Transition of the Current Expected Credit Losses Methodology for Allowances"}],"document_number":"2020-06770","effective_on":"2020-03-31","end_page":17738,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/03/31/2020-06770.xml","html_url":"https://www.federalregister.gov/documents/2020/03/31/2020-06770/regulatory-capital-rule-revised-transition-of-the-current-expected-credit-losses-methodology-for","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-06770?publication_date=2020-03-31","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-03-31/2020-06770/mods.xml","not_received_for_publication":null,"page_length":16,"page_views":{"count":10156,"last_updated":"2026-10-23 10:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-03-31/pdf/2020-06770.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-06770.pdf?1585572350","publication_date":"2020-03-31","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/03/31/2020-06770.txt","regulation_id_number_info":{"1557-AE82":null,"3064-AF42":null,"7100-AF82":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/7100-AF82/regulation-q-regulatory-capital-rule-revised-transition-of-the-current-expected-credit-losses-method","title":"Regulation Q--Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances (Docket No: R-1708)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=7100-AF82&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1557-AE82","3064-AF42","7100-AF82"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FRS","document_id":"FRS-2020-0103-0001","checked_regulationsdotgov_at":"2023-02-28T18:40:46Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":17723,"subtype":null,"title":"Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances","toc_doc":null,"toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Holding companies","Reporting and recordkeeping requirements","Savings associations","Securities"],"type":"Rule","volume":85}