Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income

Title:
Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income
Subject: Eligible retained income
Agency: FDIC, Federal Reserve, OCC
Status: Final rule
Summary:

The OCC, Board, and FDIC (together, the agencies) are adopting as final the revisions to the definition of eligible retained income made under the interim final rule published in the Federal Register on March 20, 2020, for all depository institutions, bank holding companies, and savings and loan holding companies subject to the agencies’ capital rule. The final rule revises the definition of eligible retained income to make more gradual any automatic limitations on capital distributions that could apply under the agencies’ capital rule. Separately, in this final rule, the Board also is adopting as final the definition of eligible retained income made under the interim final rule published in the Federal Register on March 26, 2020, for purposes of the Board’s total loss-absorbing capacity (TLAC) rule. The final rule adopts these interim final rules with no changes.

FR Doc: 2020-19829
Date proposed: March 16, 2020
Comments due date: May 4, 2020
Effective date:

Jan. 1, 2021

Rule compliance date:
Agency release:

Related Reg Report item(s):

Agencies make final series of interim rules on leverage ratio modification, distribution restrictions, CECL mitigation

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