The interim final rule:
- Revises minimum capital requirements and adjusts Prompt Corrective Action thresholds.
- Revises the regulatory capital elements, adds a new common equity tier 1 capital ratio, and increases the minimum tier 1 capital ratio requirement from 4 to 6 percent.
Retains the existing regulatory capital framework for 1-4 family residential mortgage exposures.
Permits banking organizations that are not subject to the advanced approaches rule to retain, through a one-time election, the existing treatment for accumulated other comprehensive income.
- Implements a new capital conservation buffer.
Becomes effective January 1, 2015, for most banking organizations, subject to a transition period for several aspects of the rule, including the new minimum capital ratio requirements, the capital conservation buffer, and the regulatory capital adjustments and deductions.
Increases capital requirements for past-due loans, high volatility commercial real estate exposures, and certain short-term loan commitments.
Expands the recognition of collateral and guarantors in determining risk-weighted assets.
Removes references to credit ratings consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act and establishes due diligence requirements for securitization exposures.
FDIC-Supervised Banks and Savings Associations
Chief Executive Officer
Chief Financial Officer
Chief Risk Officer
Risk-Based Capital Rules, 12 CFR Part 325, Basel III
Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action; Standardized Approach for Risk-Weighted Assets; Market Discipline and Disclosure Requirements; Advanced Approaches Risk-Based Capital Rule; and Market Risk Capital Rule (PDF Help)
New Capital Rule Interagency Community Bank Guide (PDF Help)
Bobby Bean, Associate Director; Ryan Billingsley, Chief, Capital Policy Section; or Benedetto Bosco, Capital Markets Policy Analyst, Division of Risk Management Supervision, Capital Markets Branch, at firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, or (202) 898-6888
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/financial/2013/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies may be obtained via the FDIC's Public Information Center, 3501 Fairfax Drive, E 1002, Arlington, VA 22226 (877-275-3342 or 703 562 2200).