Board of Governors of the Federal Reserve System.
Correction, final rule.
The Board of Governors of the Federal Reserve System published in the Federal Register of October 11, 2013, a document adopting a final rule that revises its risk-based and leverage capital requirements for banking organizations. This document adds an acceleration clause under the capital components and eligibility criteria for regulatory capital instruments and corrects an incorrect citation.
Effective Date: January 1, 2014.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Benjamin McDonough, Senior Counsel, (202) 452-2036; or David Alexander, Senior Attorney, (202) 452-2877.End Further Info End Preamble Start Supplemental Information
The Board published a document in the Federal Register of October 11, 2013, adopting a final rule that revises its risk-based and leverage capital requirements for banking organizations. An allowance for additional circumstances under which an acceleration clause would be permitted under the capital components and eligibility criteria for regulatory capital instruments was inadvertently omitted from that notice.
In addition, this notice corrects an incorrect citation to the authority for 12 CFR part 208.Start Part
PART 208—[AMENDED]End Part Start Amendment Part
1. Revise the authority forEnd Amendment Part Start Amendment Part
2. In § 217.20, under amendatory instruction 49A, revise paragraph (d)(1)(vi) to read as follows:End Amendment Part
(vi) The holder of the instrument must have no contractual right to accelerate payment of principal or interest on the instrument, except in the event of a receivership, insolvency, liquidation, or similar proceeding of the state member bank or depository institution holding company, as applicable, or of a major subsidiary depository institution of the depository institution holding company.
By order of the Board of Governors of the Federal Reserve System, December 11, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-29883 Filed 12-19-13; 8:45 am]
BILLING CODE 6210-01-P