{"abstract":"This interim final rule provides a graduated transition to a community bank leverage ratio requirement of 9 percent from the temporary 8-percent community bank leverage ratio requirement (transition interim final rule). When the requirements in the transition interim final rule become applicable, the community bank leverage ratio will be 8 percent beginning in the second quarter of calendar year 2020, 8.5 percent through calendar year 2021, and 9 percent thereafter. The transition interim final rule also maintains a two-quarter grace period for a qualifying community banking organization whose leverage ratio falls no more than 1 percentage point below the applicable community bank leverage ratio requirement. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (together, the agencies) issued concurrently an interim final rule that established an 8-percent community bank leverage ratio, as mandated under the Coronavirus Aid, Relief, and Economic Security Act. The agencies are issuing the transition interim final rule to provide community banking organizations with sufficient time and clarity to meet the 9 percent leverage ratio requirement under the community bank leverage ratio framework while they also focus on supporting lending to creditworthy households and businesses given the recent strains on the U.S. economy caused by the coronavirus disease emergency.","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/2020/04/23/2020-07448.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 22930","comment_url":null,"comments_close_on":"2020-06-08","correction_of":null,"corrections":[],"dates":"The interim final rule is effective April 23, 2020. Comments on the interim final rule must be received no later than June 8, 2020.","disposition_notes":null,"docket_ids":["Docket ID OCC-2020-0017","Regulation Q","Docket No. R-1711"],"dockets":[{"supporting_documents":[],"agency_name":"OCC","documents":[{"comment_count":2,"comment_start_date":"2020-04-23","updated_at":"2023-03-01T00:22:20.572-05:00","comment_url":"https://www.regulations.gov/commenton/OCC-2020-0017-0001","allow_late_comments":null,"id":"OCC-2020-0017-0001","comment_end_date":"2020-06-09","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"OCC-2020-0017","title":"Regulatory Capital Rule: Transition for the Community Bank \nLeverage Ratio Framework"}],"document_number":"2020-07448","effective_on":"2020-04-23","end_page":22939,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/23/2020-07448.xml","html_url":"https://www.federalregister.gov/documents/2020/04/23/2020-07448/regulatory-capital-rule-transition-for-the-community-bank-leverage-ratio-framework","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-07448?publication_date=2020-04-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-23/2020-07448/mods.xml","not_received_for_publication":null,"page_length":10,"page_views":{"count":1628,"last_updated":"2026-04-24 16:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-23/pdf/2020-07448.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-07448.pdf?1587559529","publication_date":"2020-04-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/23/2020-07448.txt","regulation_id_number_info":{"3064-AF47":null,"1557-AE89":null,"7100-AF85":null},"regulation_id_numbers":["1557-AE89","3064-AF47","7100-AF85"],"regulations_dot_gov_info":{"supporting_documents":[],"comments_count":2,"agency_id":"OCC","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=OCC-2020-0017","supporting_documents_count":0,"docket_id":"OCC-2020-0017","document_id":"OCC-2020-0017-0001","regulation_id_number":null,"title":"Regulatory Capital Rule: Transition for the Community Bank \nLeverage Ratio Framework","checked_regulationsdotgov_at":"2023-03-01T05:22:19Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":22930,"subtype":null,"title":"Regulatory Capital Rule: Transition for the Community Bank Leverage Ratio Framework","toc_doc":null,"toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Holding companies","National banks","Reporting and recordkeeping requirements","Savings associations","Securities"],"type":"Rule","volume":85}