{"abstract":"The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule that applies to advanced approaches banking organizations with the aim of reducing both interconnectedness within the financial system and systemic risks. The final rule requires deduction from a banking organization's regulatory capital for certain investments 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) requirements and, where applicable, long-term debt requirements, or for investments in unsecured debt instruments issued by GSIBs that are pari passu or subordinated to such debt instruments. In addition, the Board is adopting changes to its TLAC rules to clarify requirements and correct drafting errors.","action":"Final rule.","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/2021/01/06/2020-27046.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":252,"title":12},{"chapter":null,"citation_url":null,"part":324,"title":12}],"citation":"86 FR 708","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The final rule is effective on April 1, 2021.","disposition_notes":null,"docket_ids":["Docket ID OCC-2018-0019","Regulation Q","Docket No. R-1655"],"dockets":[],"document_number":"2020-27046","effective_on":"2021-04-01","end_page":745,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2021/01/06/2020-27046.xml","html_url":"https://www.federalregister.gov/documents/2021/01/06/2020-27046/regulatory-capital-treatment-for-investments-in-certain-unsecured-debt-instruments-of-global","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-27046?publication_date=2021-01-06","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2021-01-06/2020-27046/mods.xml","not_received_for_publication":null,"page_length":38,"page_views":{"count":4023,"last_updated":"2026-04-04 14:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-01-06/pdf/2020-27046.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-27046.pdf?1609854316","publication_date":"2021-01-06","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2021/01/06/2020-27046.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":"FRS","document_id":"FRS-2021-0006-0001","checked_regulationsdotgov_at":"2021-01-08T04:30:08Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":708,"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; Total Loss-Absorbing Capacity Requirements","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; Total Loss-Absorbing Capacity Requirements","toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Credit","Federal Reserve System","Holding companies","Investments","National banks","Qualified financial contracts","Reporting and recordkeeping requirements","Savings associations","Securities"],"type":"Rule","volume":86}