Date: April 6, 2015
Description: Interagency Frequently Asked Questions
The Office of the Comptroller of the Currency (OCC) along with the Federal Reserve Board and the Federal Deposit Insurance Corporation (collectively, the agencies) are releasing answers to frequently asked questions (FAQ) regarding the regulatory capital rule. These FAQs are the agencies’ interpretations of the rule based on the facts and circumstances presented. These FAQs are not official rules or regulations. The OCC plans to compile additional FAQs related to the regulatory capital rule, as needed, and will post updated FAQs on the OCC’s Capital Policy home page.
Note for Community Banks
Most of the FAQs address the OCC’s generally applicable capital rules, although most banks will find that not all of the topics are applicable. FAQs marked with an asterisk (*) signify interpretations that are relevant only for advanced approaches banks.
The FAQs address the following topics:
- Definition of capital
- High-volatility commercial real estate (HVCRE) exposures
- Other real estate and off-balance-sheet exposures
- Separate account and equity exposures to investment funds
- Qualifying central counterparty questions
- Credit valuation adjustment questions
- Other miscellaneous questions
Please contact Margot Schwadron, Senior Risk Expert; Benjamin Pegg, Risk Specialist; or Christine Smith, Risk Analyst, Capital Policy Division, at (202) 649-6370.
Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner