The Federal Reserve is adopting a
final rule that revises its risk-based and leverage capital
requirements for banking organizations. The final rule implements a
revised definition of regulatory capital, a new common equity tier
1 minimum capital requirement, a higher minimum tier 1 capital
requirement, and, for banking organizations subject to the advanced
approaches risk-based capital rules, a supplementary leverage ratio
that incorporates a broader set of exposures in the denominator.
The final rule incorporates these new requirements into the
agencies' prompt corrective action framework. In addition, the
final rule establishes limits on a banking organization's capital
distributions and certain discretionary bonus payments if the
banking organization does not hold a specified amount of common
equity tier 1 capital in addition to the amount necessary to meet
its minimum risk-based capital requirements. Further, the final
rule amends the methodologies for determining risk-weighted assets
for all banking organizations, and introduces disclosure
requirements that would apply to top-tier banking organizations
domiciled in the United States with $50 billion or more in total
assets. The final rule also adopts changes to the agencies'
regulatory capital requirements that meet the requirements of
section 171 and section 939A of the Dodd-Frank Wall Street Reform
and Consumer Protection Act.
US Code:
12
USC 324 Name of Law: Federal Reserve Act
US Code: 12
USC 1844(c) Name of Law: Bank Holding Company Act
US Code: 12
USC 1831o(c) Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 3907(a)(1) Name of Law: International Lending
Supervision Act of 1983
PL: Pub.L. 111 - 203 1376 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 111 - 124 1435–38 Name of Law: Dodd-Frank Wall Street
Reform and Consumer Protection Act
The net increase of 300,193
hours is attributed to a change in the: 1) estimated number of
respondents subject to Basel III, 2) the number of record-keeping
and disclosure requirements implemented by Basel III, and 3)
estimated average hours per response for each requirement.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
FR4200_Basel_III_R1442_20140331_omb_final.pdf
Advanced Approach (Ongoing Disclosures) - (Old Disclosures)