The Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, “the agencies”) issued supervisory guidance on August 14, 2017, in response to questions from regulated institutions about the agencies’ regulatory capital rules. More... Regulatory Capital Treatment of Certain Centrally-Cleared Derivative Contracts under Regulatory Capital Rules provides regulated institutions with guidance on the regulatory capital treatment of certain centrally-cleared derivative contracts in light of some changes to the rulebooks of certain central counterparties (Guidance, Capital at 3-1506.313).

The Board has revised part II of the Federal Reserve Policy on Payment System Risk related to the transaction posting times used for measuring balances intraday in institutions’ accounts at the Federal Reserve Banks to conform to enhancements to the Reserve Banks’ same-day automated clearinghouse service. More... The policy statement revisions became effective September 15, 2017 (Federal Reserve Policy Statement on Payment System Risk at 9-1000, Docket OP-1572) and were published in the Federal Register on August 25, 2017.

Included in this transmittal are revised finding tables and citation indexes reflecting all changes since the last revision that was issued in September 2016 (transmittal 427).

The Board is seeking comment on a proposed new rating system for its supervision of large financial institutions. The proposed “Large Financial Institution Rating System” is closely aligned with the Federal Reserve’s new supervisory program for large financial institutions. More... The proposed rating system would apply to all bank holding companies with total consolidated assets of $50 billion or more; all non-insurance, non-commercial savings and loan holding companies with total consolidated assets of $50 billion or more; and U.S. intermediate holding companies of foreign banking organizations established pursuant to the Federal Reserve’s Regulation YY. The proposed rating system includes a new rating scale under which component ratings would be assigned for capital planning and positions, liquidity risk management and positions, and governance and controls; however, a standalone composite rating would not be assigned. The Federal Reserve proposes to assign initial ratings under the new rating system during 2018. The Federal Reserve is also seeking comment on proposed revisions to existing provisions in Regulations K and LL so they would remain consistent with certain features of the proposed rating system. Comments on this notice of proposed rulemaking must be received by October 16, 2017 (Docket R-1569).

The Board, the FDIC, and the OCC propose to amend their regulations implementing the Community Reinvestment Act to update the existing definitions of “home mortgage loan” and “consumer loan,” related cross references, and the public file content requirements to conform recent revisions made by the Consumer Financial Protection Bureau to Regulation C, which implements the Home Mortgage Disclosure Act, and to remove obsolete references to the Neighborhood Stabilization Program. More... Comments on this notice of proposed rulemaking must be received by October 20, 2017 (Docket R-1574).