Transparency & Accountability - EGRRCPA (S. 2155) Rulemakings
The FDIC is responsible for a number of rulemakings under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). This page provides links to proposed and final rules and related documents.
| Section | Description | Status |
|---|---|---|
| 103 | Appraisals - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to exempt certain real property mortgage transactions from appraisal requirements. Final Rule effective October 9, 2019; amendments in instructions 4, 5, 9, 10, 14, and 15 (evaluation requirement for rural residential transactions and appraisal review) - January 1, 2020 | Final Rule issued 8/20/2019 NPR issued 11/20/2018 |
| 201 | Community Bank Leverage Ratio - Exempts banks with less than $10 billion in assets and that meet other requirements — including limits on off-balance sheet exposures, trading assets and liabilities, total notional derivatives exposures, and other factors — from existing risk-based capital ratio and leverage ratio requirements provided they exceed a community bank leverage ratio to be issued through regulation by the appropriate federal banking agencies in consultation with state bank supervisors. Final Rule effective January 1, 2020. Related Rulemaking: Assessments - Amend the deposit insurance assessment regulations to apply the community bank leverage ratio framework to the deposit insurance assessment system. Final Rule effective January 1, 2020. |
Final Rule issued 9/17/2019
NPR issued 11/20/2018
Final Rule issued 9/17/2019 NPR issued 12/18/2018 |
| 202 | Reciprocal Deposits - Amends Section 29 of the FDI Act to except a capped amount of certain reciprocal deposits from treatment as brokered deposits for qualifying institutions. Final rule effective March 6, 2019. Technical amendments to the Final rule effective April 15, 2019. | Amendments to preamble issued 3/8/2019 Final Rule issued 12/18/2018 NPR issued 9/12/2018 |
| 203, 204 | Volcker Rule (Community Bank Relief/Naming Restrictions) - Exempts banks with less than $10 billion in assets and total trading assets and liabilities of no more than 5% of total consolidated assets from the “Volcker Rule.” Final rule effective July 22, 2019. | Final Rule issued 7/9/2019 NPR issued 12/18/2018 |
| 205 | Short Form Call Reports - Requires regulations that allow reduced call reporting for the first and third quarters for certain banks with less than $5 billion in assets. Final rule effective July 22, 2019. | Final Rule issued 6/7/2019 NPR issued 10/17/2018 |
| 210 | Examination Cycle - Increases the size threshold for well-capitalized banks to be eligible for an 18-month examination cycle from $1 billion to $3 billion in total assets, and authorizes the banking agencies to make corresponding changes for 2-rated institutions. Final rule effective January 28, 2019. | Final Rule issued 12/18/2018 IFR issued 8/22/2018 |
| 214 | HVCRE/ADC - States that the appropriate federal banking agencies may assign heightened risk weights for high volatility commercial real estate (HVCRE) loans only to those loans that meet a statutory definition of HVCRE. Final rule effective April 1, 2020. Related Rulemaking: HVCRE Treatment of Land Development Loans - Expands upon the HVCRE/ADC NPR and seeks comment on the treatment of loans that finance the development of land for purposes of the one- to four-family residential properties exclusion in the definition of HVCRE exposure in the regulatory capital rule. Comment period closed August 22, 2019. |
Final Rule issued 11/19/2019
NPR issued 9/12/2018
NPR issued 6/7/2019 |
| 401 | Tailoring Capital and Liquidity Rules for Large Banking Organizations - Raises the threshold for application of enhanced prudential standards to bank holding companies, including capital and liquidity rules, from $50 billion to $250 billion in total consolidated assets and allows the Federal Reserve to apply enhanced prudential standards to any bank holding company with between $100 billion and $250 billion in total consolidated assets under certain circumstances. Final Rule effective December 31, 2019. | Final Rule issued 10/15/2019 NPR (foreign banks) issued 4/16/2019 NPR (domestic banks) issued 11/20/2018 |
| 401 | Company-Run Stress Tests - Amends the requirements for company-run stress tests by: raising the threshold from $10 billion to $250 billion in assets; making the stress tests periodic rather than annual; and removing the adverse scenario (leaving intact the baseline and severely adverse sets of stress test conditions). Final Rule effective November 25, 2019. | Final Rule issued 10/15/2019 NPR issued 12/18/2018 |
| 401 | Resolution Plans - Raises the threshold for application of enhanced prudential standards to bank holding companies, including the requirement to file section 165(d) resolution plans, from $50 billion to $250 billion in total consolidated assets and allows the Federal Reserve to apply enhanced prudential standards to any bank holding company with between $100 billion and $250 billion in total consolidated assets under certain circumstances. Final Rule effective December 31, 2019. | Final Rule issued 10/15/2019 NPR issued 4/16/2019 |
| 402 | Supplementary Leverage Ratio for Custodial Banks - Requires the appropriate federal banking agencies to amend their capital regulations to exempt funds of a custodial bank held at certain central banks when calculating the supplementary leverage ratio. Final rule effective April 1, 2020. | Final Rule issued 11/19/2019 NPR issued 3/29/2019 |
| 403 | High-Quality Liquid Assets (HQLA) - Requires the federal banking agencies to amend their liquidity coverage ratio regulations to treat municipal obligations that are "investment grade" and "liquid and readily marketable" as level 2B liquid assets not later than 90 days after enactment. IFR effective August 31, 2018. Final rule effective July 5, 2019. | Final Rule issued 5/28/2019 IFR issued 8/22/2018 |
Legend:
Fed Reg: Federal Register
IFR: Interim Final Rule
NPR: Notice of Proposed Rulemaking