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OCC Bulletin 2023-24
July 27, 2023
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
On July 27, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued a joint notice of proposed rulemaking to substantially revise the regulatory capital requirements applicable to banking organizations with total assets of $100 billion or more and their subsidiary depository institutions (large banking organizations) and banking organizations with significant trading activity. The proposed revisions would improve the calculation of risk-based capital requirements to better reflect the risks of these banking organizations’ exposures, reduce the complexity of the framework, enhance the consistency of requirements across these banking organizations, and facilitate more effective supervisory and market assessments of capital adequacy. The proposal would be consistent with international capital standards issued by the Basel Committee on Banking Supervision.
The OCC encourages stakeholders to review the proposed rule and provide comments before the close of the comment period on November 30, 2023.
This notice of proposed rulemaking does not apply to community banks.
Please contact Venus Fan, Risk Expert, or Benjamin Pegg, Analyst, Capital Policy, at (202) 649-6370; or Carl Kaminski, Assistant Director, or Kevin Korzeniewski, Counsel, Chief Counsel’s Office, at (202) 649-5490.
Benjamin W. McDonough
Senior Deputy Comptroller and Chief Counsel