Regulatory Capital Rule: Eligible Retained Income

Title:
Regulatory Capital Rule: Eligible Retained Income
Subject: Capital
Agency: FDIC, Federal Reserve, OCC
Status: Interim final rule; request for comments
Summary:
In light of recent disruptions in economic conditions caused by the coronavirus disease 2019 (COVID-19) and current strains in U.S. financial markets, the Board, OCC and FDIC (together, the agencies) are issuing an interim final rule that revises the definition of eligible retained income for all depository institutions, bank holding companies, and savings andloan holding companies subject to the agencies’ capital rule (together, a banking organization or banking organizations). The revised definition of eligible retained income will make any automatic limitations on capital distributions that could apply under the agencies’ capital rules more gradual.
FR Doc: 2020-06051
Date proposed:
Comments due date:

45 days after publication in the Federal Register (scheduled March 20, 2020)

Final rule effective date: Upon publication in the Federal Register
Rule compliance date:
Agency release:

Related Reg Report item(s):

Fed, FDIC, OCC issue interim final rule making capital distribution restrictions, when triggered, more gradual

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