Supplementary leverage ratio, deposit insurance rules slated for March 29 FDIC Board meeting

Leverage ratio changes tie back to EGRRCPA

Revisions to a supplementary leverage ratio requirement for custodial banks and proposals regarding federal deposit insurance are slated for discussion during an open meeting March 29 by the board of the Federal Deposit Insurance Corp. (FDIC), the agency said Friday.

Specifics of the discussion agenda include the following:

  • Memorandum and resolution re: Regulatory Capital Rule: Revisions to the Supplementary Leverage Ratio to Exclude Certain Central Bank Deposits of Banking Organizations Predominantly Engaged in Custody, Safekeeping and Asset Servicing Activities. (This appears to address a requirement in section 402 of the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act, EGRRCPA/S. 2155.)
  • Memorandum and resolution re: Notice of Proposed Rulemaking: Amendments to 12 C.F.R. part 370, Recordkeeping for Timely Deposit Insurance Determination.
  • Memorandum and resolution re: Notice of Proposed Rulemaking on Joint Deposit Accounts (Part 330).

Also slated is a summary agenda, which includes items requiring no substantive discussion and expected to be resolved on a single vote. The summary agenda includes:

  • Disposition of Minutes of a Board of Directors’ Meeting Previously Distributed.
  • Memorandum and resolution re: Request for Delegated Authority to Approve and Publish New or Amended Privacy Act Systems of Record Notice.
  • Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors.

The FDIC Board’s March 29 open meeting is slated for 10 a.m. on the sixth floor of the FDIC Building located at 550 17th Street, N.W., Washington, D.C. The meeting will be webcast live.

Agenda for March 29 FDIC Board meeting