Regulatory Capital: Rescission of OCC and OTS Issuances

Summary

In 2013, the Office of the Comptroller of the Currency (OCC) published a final rule that established a new regulatory capital rule.¹ The rule strengthens the definition of regulatory capital, increases risk-based capital requirements, and amends the methodologies for determining risk-weighted assets. The rule became effective in January 2015 for all national banks and federal savings associations (collectively, banks). Now that the regulatory capital rule is final, the OCC is rescinding certain OCC bulletins and three Office of Thrift Supervision (OTS) issuances that have become outdated or superseded.

Highlights

With the issuance of this bulletin, the OCC is rescinding documents listed in appendix A.

Background

The OCC has reviewed all regulatory capital-related issuances (e.g., proposed, interim, and final rules and guidance or other documents) and determined that some of these issuances are outdated or superseded by the final regulatory capital rule. Appendix A lists OCC bulletins and OTS issuances that are rescinded.

Each issuance is rescinded for one of the following reasons:

• Outdated: The document is no longer needed. Any attachments to the document are rescinded only as they relate to national banks and federal savings associations.
• Transmittal: The document is a cover letter that conveyed another document, such as a proposed rule or final rule, an interpretive letter, or a document from another regulatory entity. The rescission does not apply to the conveyed document.

Visit the OCC's Website for a comprehensive inventory of rules and guidance applicable to banks. All banks should refer to 12 CFR 3 for applicable regulatory capital treatment.

Further Information

Please contact Capital Policy at (202) 649-6370.

Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner

Appendix A: Rescinded OCC and OTS Issuances

For documents listed with a reason rescinded of "transmittal," the prevailing document is OCC Bulletin 2013-23, "Regulatory Capital Rule: Final Rulemaking," (October 11, 2013).