{"abstract":"This interim final rule makes temporary changes to the community bank leverage ratio framework, pursuant to section 4012 of the Coronavirus Aid, Relief, and Economic Security Act (statutory interim final rule). As of the second quarter 2020, a banking organization with a leverage ratio of 8 percent or greater (and that meets other qualifying criteria) may elect to use the community bank leverage ratio framework. The statutory interim final rule also establishes a two-quarter grace period for a qualifying community banking organization whose leverage ratio falls below the 8-percent community bank leverage ratio requirement, so long as the banking organization maintains a leverage ratio of 7 percent or greater. The temporary changes to the community bank leverage ratio framework implemented by this statutory interim final rule will cease to be effective as of the earlier of the termination date of the national emergency concerning the coronavirus disease declared by the President on March 13, 2020, under the National Emergencies Act, or December 31, 2020. To provide clarity to banking organizations, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued concurrently an interim final rule that provides a transition from the temporary 8-percent community bank leverage ratio requirement to a 9- percent community bank leverage ratio requirement.","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/2020/04/23/2020-07449.html","cfr_references":[{"chapter":null,"citation_url":null,"part":3,"title":12},{"chapter":null,"citation_url":null,"part":12,"title":12},{"chapter":null,"citation_url":null,"part":217,"title":12}],"citation":"85 FR 22924","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-2020-0016","Regulation Q","Docket No. R-1710"],"dockets":[{"supporting_documents":[],"agency_name":"OCC","documents":[{"comment_count":1,"comment_start_date":"2020-04-23","updated_at":"2023-03-01T00:23:14.267-05:00","comment_url":"https://www.regulations.gov/commenton/OCC-2020-0016-0001","allow_late_comments":null,"id":"OCC-2020-0016-0001","comment_end_date":"2020-06-09","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"OCC-2020-0016","title":"Regulatory Capital Rule: Temporary Changes to the Community Bank \nLeverage Ratio Framework"}],"document_number":"2020-07449","effective_on":"2020-04-23","end_page":22930,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/23/2020-07449.xml","html_url":"https://www.federalregister.gov/documents/2020/04/23/2020-07449/regulatory-capital-rule-temporary-changes-to-the-community-bank-leverage-ratio-framework","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-07449?publication_date=2020-04-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-23/2020-07449/mods.xml","not_received_for_publication":null,"page_length":7,"page_views":{"count":1868,"last_updated":"2026-04-24 18:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-23/pdf/2020-07449.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-07449.pdf?1587559529","publication_date":"2020-04-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/23/2020-07449.txt","regulation_id_number_info":{"3064-AF45":null,"7100-AF84":null,"1557-AE88":null},"regulation_id_numbers":["1557-AE88","3064-AF45","7100-AF84"],"regulations_dot_gov_info":{"supporting_documents":[],"comments_count":1,"agency_id":"OCC","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=OCC-2020-0016","supporting_documents_count":0,"docket_id":"OCC-2020-0016","document_id":"OCC-2020-0016-0001","regulation_id_number":null,"title":"Regulatory Capital Rule: Temporary Changes to the Community Bank \nLeverage Ratio Framework","checked_regulationsdotgov_at":"2023-03-01T05:23:13Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":22924,"subtype":null,"title":"Regulatory Capital Rule: Temporary Changes to 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}