Freedom of Information Office
Proposals for Comment
The Board has requested public comment on the proposals listed below. Comments can be submitted through this web site using the "Submit comment" links. Comments may also be submitted in writing or by electronic mail (see text of each proposal for contact information). Please note the closing date for each comment period.
Public comments on the proposals and, if publicly available, related staff materials can be viewed by following the associated links. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street, N.W., Washington, D.C. 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. All comments are reproduced without alteration except when necessary for technical reasons.
The proposals are grouped by subject: (1) Dodd-Frank Act Proposals, (2) regulations ("Rulemaking Proposals"), (3) policies ("Other Proposals"), (4) reports of financial and other information ("Information Collection Proposals"), and (5) Economic Growth Regulatory Paperwork Reduction Act of 1996 ("EGRPRA"). Under each heading, the proposals are listed in reverse order of publication in the Federal Register, with the most recently published proposal as the first entry.
The rules and proposed rules that the Board expects to issue during the next six months are summarized in the Unified Agenda (also known as the Semiannual Regulatory Agenda), which is published twice a year in the Federal Register. View the Board's Unified Agenda (PDF).
You can find, review, and submit comments on other federal documents that are open for comment and published in the Federal Register at Regulations.gov.
Rulemaking Proposals
Proposals concerning Board regulations codified in the Code of Federal Regulations
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Regulation H and K: Registration of Mortgage Loan Originators [R-1622]
See Dodd-Frank Act Proposals
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Regulatory Capital Treatment for High Volatility Commercial (HVCRE) Exposures [R-1621]
The Board, OCC, and FDIC are proposing to amend the regulatory capital rule to revise the definition of "high volatility commercial real estate (HVCRE) exposure" to conform to the statutory definition of "high volatility commercial real estate acquisition, development, or construction (HVCRE ADC) loan," in accordance with section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
Closing date for comments: 11/27/2018
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The Board invites comment on an interim final rule that raises the asset size threshold for determining applicability of the Board's Small Bank Holding Company and Savings and Loan Holding Company Policy Statement (Regulation Y, Appendix C) (Policy Statement) to $3 billion from $1 billion of total consolidated assets. The interim final rule also makes related and conforming revisions to the Board's regulatory capital rule (Regulation Q) and requirements for bank holding companies (Regulation Y).
Closing date for comments: 10/29/2018
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The Board invites comment on an interim final rule to implement section 210 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Economic Growth Act), which was enacted on May 24, 2018. Section 210 of the Economic Growth Act amends section 10(d) of the Federal Deposit Insurance Act (FDI Act) to permit agencies to examine qualifying insured depository institutions (IDIs) with under $3 billion in total assets not less than once during each 18-month period.
Closing date for comments: 10/29/2018
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The Board invites comment on an interim final rule that amends the liquidity coverage ratio (LCR) rule to treat liquid and readily marketable, investment grade municipal obligations as high-quality liquid assets (HQLA). Section 403 of the Economic Growth, Regulatory Relief, and Consumer Protection Act amends section 18 of the Federal Deposit Insurance Act and requires the agencies, for purposes of their LCR rule and any other regulation that incorporates a definition of the term "high-quality liquid asset" or another substantially similar term, to treat a municipal obligation as HQLA (that is a level 2B liquid asset) if that obligation is, as of the LCR calculation date, "liquid and readily-marketable" and "investment grade."
Closing date for comments: 10/1/2018
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See Dodd-Frank Act Proposals
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The OCC, the Board, and the FDIC are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 2016-13, Topic 326, Financial Instruments-Credit Losses (ASU 2016-13), including banking organizations' implementation of the current expected credit losses methodology.
Closing date for comments: 07/13/2018
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The Board and the OCC are seeking comment on a proposal that would modify the enhanced supplementary leverage ratio standards for U.S. top-tier bank holding companies identified as global systemically important bank holding companies, or GSIBs, and certain of their insured depository institution subsidiaries. Specifically, the proposal would modify the current 2 percent leverage buffer, which applies to each GSIB, to equal 50 percent of the firm's GSIB risk-based capital surcharge.
Closing date for comments: 06/25/2018
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The Board is inviting comment on a notice of proposed rulemaking that would integrate the Board's regulatory capital rule and the Board's Comprehensive Capital Analysis and Review and stress test rules in order to simplify the capital regime applicable to firms subject to the capital plan rule. The proposal would amend the Board's capital plan rule, capital rule, and stress testing rules, and make amendments to the Stress Testing Policy Statement that was proposed for public comment on December 15, 2017.
Closing date for comments: 06/25/2018
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The Board invites comments on proposed amendments to Regulation J. They are intended to clarify and simplify certain provisions of Subpart A of Regulation J, remove obsolete provisions, and align the rights and obligations of sending banks, paying banks, and Federal Reserve Banks with the Board's recent amendments to Regulation CC, Availability of Funds and Collection of Checks (12 CFR part 229), to reflect the virtually all-electronic check collection and return environment. The proposed rule would also amend subpart B of Regulation J to clarify that terms used in financial messaging standards, such as ISO 20022, do not confer legal status or responsibilities.
Closing date for comments: 05/14/2018
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Regulation M: Consumer Leasing [R-1591]
See Dodd-Frank Act Proposals
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The OCC, Board, and FDIC are inviting public comment on a notice of proposed rulemaking that would simplify compliance with certain aspects of the capital rule. Most aspects of the proposed rule would apply only to banking organizations that are not subject to the "advanced approaches" in the capital rule, which are generally firms with less than $250 billion in total consolidated assets and less than $10 billion in total foreign exposure
Closing date for comments: 12/26/2017
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Regulations K and LL: Large Financial Institution Rating System [R-1569]
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. 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.
Closing date for comments: 02/15/2018
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Banking Organization Systemic Risk Report [R-1535]
See Dodd-Frank Act Proposals
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Regulation H: Loans in Areas Having Special Flood Hazards - Private Flood Insurance [R-1549]
The Board, OCC, FDIC, FCA, and NCUA are issuing a new proposal to amend their regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.
Closing date for comments: 01/6/2017
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Enhanced Cyber Risk Management Standards [R-1550]
The Board, OCC, and FDIC are inviting comment on an advanced notice of proposed rulemaking regarding enhanced cyber risk management standards for large and interconnected entities under their supervision and those entities' service providers.
Closing date for comments: 02/17/2017
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The Board invites comment on a proposed rule that would strengthen existing requirements and limitations on the physical commodity activities of financial holding companies. The proposal would help reduce the catastrophic, legal, reputational, and financial risks that physical commodity activities pose to financial holding companies.
Closing date for comments: 02/20/2017
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Regulation YY: Enhanced Prudential Standards for Systemically Important Insurance Companies [R-1540]
See Dodd-Frank Act Proposals
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See Dodd-Frank Act Proposals
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Incentive-based Compensation Arrangements [R-1536]
See Dodd-Frank Act Proposals
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The OCC, Board, and FDIC are inviting comment on a proposed rule that would implement a stable funding requirement, the net stable funding ratio (NSFR), for large and internationally active banking organizations.
Closing date for comments: 08/5/2016
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The Board invites comment on an interim final rule that would exempt savings and loan holding companies that have total consolidated assets of less than $500 million and meet certain other requirements from the Board's regulatory capital requirements (Regulation Q). The amendments implement Public Law 113-250, which exempts small savings and loan holding companies from the minimum capital requirements mandated by section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would meet the Board's Small Bank Holding Company Policy Statement if they were bank holding companies. In connection with this interim final rule, the Board is proposing to remove the requirement that qualifying savings and loan holding companies complete Schedule SC-R, Part I (Regulatory Capital Components and Ratios), of form FR Y-9SP (Parent Company Only Financial Statements for Small Holding Companies).
Closing date for comments: 03/4/2015
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See Dodd-Frank Act Proposals
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See Dodd-Frank Act Proposals
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Advance notice of proposed rulemaking on various issues related to physical commodity activities conducted by financial holding companies and the restrictions imposed on these activities to ensure they are conducted in a safe and sound manner and consistent with applicable law.
Closing date for comments: 04/16/2014
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Regulation H - Loans in Areas Having Special Flood Hazards [R-1462]
Joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in areas having special flood hazards to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.
Closing date for comments: 12/10/2013
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See Dodd-Frank Act Proposals
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Incentive-Based Compensation Arrangements [R-1410]
See Dodd-Frank Act Proposals
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See Dodd-Frank Act Proposals
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Joint advanced notice of proposed rulemaking requesting comment from the public, including law enforcement and financial institutions, to assess whether the potential benefit to law enforcement of a lower threshold outweighs the potential burden to financial institutions.
Closing date for comments: 08/21/2006
Other Proposals
Proposals concerning Board policies not codified in the Code of Federal Regulations
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Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments [OP-1625]
The Board is seeking input on potential actions that the Federal Reserve could take to promote ubiquitous, safe, and efficient faster payments in the United States by facilitating real-time interbank settlement of faster payments.
Closing date for comments: 12/14/2018
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Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System (Board) is amending its General Routine Uses of Board Systems of Records (General Routine Uses) that apply to the Board's systems of records, by revising an existing routine use and adding a new routine use, both related to breach response. The changes are necessary in order to comply with Office of Management and Budget (OMB) Memorandum M-17-12, 'Preparing for and Responding to a Breach of Personally Identifiable Information.'
Closing date for comments: 09/27/2018
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New Message Format for the Fedwire® Funds Service [OP-1613]
The Board is requesting comment on a proposal to adopt the ISO® 20022 message format for the Fedwire® Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023.
Closing date for comments: 09/4/2018
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Resolution Planning Guidance for Eight Large, Complex U.S. Banking Organizations [OP-1614]
See Dodd-Frank Act Proposals
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Policy on Payment System Risk and Expanded Real-Time Monitoring [OP-1607] (201 KB PDF)
The Board is requesting comment on the benefits and drawbacks of a potential change to part II of the Federal Reserve Policy on Payment System Risk. The potential change would entail the Federal Reserve Banks monitoring in real time all Fedwire Funds transfers and rejecting those transfers that would breach the Fedwire sender's net debit cap, that is, the ceiling on its total daylight overdraft position that it is permitted to incur in its Federal Reserve account during any given day.
Closing date for comments: 07/6/2018
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Privacy Act of 1974: Notice of New System of Records [BGFRS 40] (221 KB PDF)
Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System proposes the establishment of a new system of records, BGFRS-40, entitled 'FRB-Board Subscription Services.' The new system of records will maintain subscription-related information regarding individuals who subscribe to Board publications.
Closing date for comments: 05/11/2018
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The Board is inviting comments on proposed amendments to its guidelines on an internal appeals process for institutions wishing to appeal an adverse material supervisory determination and to its policy regarding the Ombudsman for the Federal Reserve System.
Closing date for comments: 04/30/2018
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The Board is seeking comment on proposed guidance describing core principles of effective senior management, the management of business lines, and independent risk management and controls for large financial institutions.
Closing date for comments: 03/15/2018
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The Board is requesting comment on proposed changes to part II of the Federal Reserve Policy on Payment System Risk related to procedures for determining the net debit cap and maximum daylight overdraft capacity of a U.S. branch or agency of a foreign banking organization.
Closing date for comments: 02/12/2018
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Amendments to Policy Statement on the Scenario Design Framework for Stress Testing [OP-1588]
See Dodd-Frank Act Proposals
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Stress Testing Policy Statement [OP-1587]
See Dodd-Frank Act Proposals
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Enhanced Disclosure of the Models Used in the Federal Reserve's Supervisory Stress Test [OP-1586]
See Dodd-Frank Act Proposals
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Proposed Guidance on Supervisory Expectations for Boards of Directors [OP-1570]
The Board invites comment on a proposal addressing supervisory expectations for the boards of directors of bank holding companies, savings and loan holding companies, state member banks, U.S. branches and agencies of foreign banking organizations, and systemically important nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve.
Closing date for comments: 02/15/2018
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Application of the RFI/C(D) Rating System to Savings and Loan Holding Companies [OP-1555]
See Dodd-Frank Act Proposals
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Continued Application of Regulations to Savings and Loan Holding Companies [OP-1427]
See Dodd-Frank Act Proposals
Information Collection Proposals
Proposals concerning the reporting of financial and other information under authority delegated to the Board by the Office of Management and Budget
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Agency Information Collection (198 KB PDF)
See Dodd-Frank Act Proposals
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Agency Information Collection (194 KB PDF)
Proposal under OMB delegated authority, to extend for three years, without revision, the Disclosure Requirements of Subpart H of Regulation H (Consumer Protections in Sales of Insurance) (Reg H-7).
Closing date for comments: 12/17/2018
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Agency Information Collection (206 KB PDF)
See Dodd-Frank Act Proposals
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Agency Information Collection (271 KB PDF)
The Federal Financial Institutions Examination Council, of which the agencies are members, has approved the Board's publication for public comment of a proposal to revise and extend the Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices (FFIEC 031), the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only (FFIEC 041), and the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less Than $1 Billion (FFIEC 051), which are currently approved collections of information.
Closing date for comments: 11/27/2018
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Agency Information Collection (203 KB PDF)
Proposal to extend under OMB delegated authority for three years, with revision, the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Home Mortgage Disclosure Act (HMDA) and Loan/Application Register (LAR) required by Regulation C (FR HMDA LAR).
Closing date for comments: 10/29/2018
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Agency Information Collection (201 KB PDF)
See Dodd-Frank Act Proposals
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Agency Information Collection (206 KB PDF)
Proposal to implement, under OMB delegated authority, a new information collection, the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510).
Closing date for comments: 10/26/2018
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Agency Information Collection (198 KB PDF)
Proposal to approve under OMB delegated authority the revision, without extension, Capital Assessments and Stress Testing (FR Y-14A/Q/M).
Closing date for comments: 10/9/2018
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Agency Information Collection (203 KB PDF)
See Dodd-Frank Act Proposals
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Agency Information Collection (193 KB PDF)
The Board, under the auspices of the Federal Financial Institutions Examination Council, is giving notice that it is sending the revisions to the following collection to OMB for review: Country Exposure Report for U.S. Branches and Agencies of Foreign Banks (FFIEC 019), which is currently an approved collection of information.
Closing date for comments: 08/29/2018
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Agency Information Collection [ICP-201830]
See Dodd-Frank Act Proposals
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Agency Information Collection (211 KB PDF)
The Federal Financial Institutions Examination Council, of which the agencies are members, has approved the Board's publication for public comment of a proposal to extend for three years, without revision, the Country Exposure Report for U.S. Branches and Agencies of Foreign Banks (FFIEC 019).
Closing date for comments: 06/26/2018
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Agency Information Collection (217 KB PDF)
The Board, under the auspices of the Federal Financial Institutions Examination Council, is giving notice that it is sending the revisions to the following collection to OMB for review: Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002) and the Report of Assets and Liabilities of a Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S).
Closing date for comments: 05/29/2018
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Agency Information Collection (193 KB PDF)
The Agencies invite comment on a proposal to extend for three years, without revision, the mandatory recordkeeping requirements associated with a joint rule implementing the Unlawful internet Gambling Enforcement Act of 2006.
Closing date for comments: 06/18/2018
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Agency Information Collection (229 KB PDF)
See Dodd-Frank Act Proposals
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Agency Information Collection (214 KB PDF)
Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: Policy Impact Survey (FR 3075).
Closing date for comments: 04/17/2018
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Agency Information Collection (238 KB PDF)
The Federal Financial Institutions Examination Council, of which the agencies are members, has approved the Board's publication for public comment of a proposal to extend, with revision, the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002) and the Report of Assets and Liabilities of a Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), which are currently approved collections of information.
Closing date for comments: 02/26/2018
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See Dodd-Frank Act Proposals
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Agency Information Collection (215 KB PDF)
See Dodd-Frank Act Proposals
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Agency Information Collection (204 KB PDF)
See Dodd-Frank Act Proposals
Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires that regulations prescribed by the Federal Financial Institutions Examination Council, and its member agencies be reviewed by the agencies at least once every 10 years. The purpose of this review is to identify outdated, unnecessary, or unduly burdensome regulations and consider how to reduce regulatory burden on insured depository institutions while, at the same time, ensuring their safety and soundness and the safety and soundness of the financial system.
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EGRPRA: Rules of Procedure; Safety and Soundness; and Securities [R-1510]
The OCC, Board, and FDIC are conducting a review of the regulations we have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In this notice, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities.
Correction: PDF
Closing date for comments: 03/22/2016
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EGRPRA: Consumer Protection; Directors, Officers and Employees; and Money Laundering [R-1510]
The OCC, Board, and FDIC are conducting a review of the regulations we have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In this notice, the Agencies are seeking public comment on regulations in the following categories: Consumer Protection; Directors, Officers and Employees; and Money Laundering.
Closing date for comments: 09/3/2015
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EGRPRA: Banking Operations, Capital, and the Community Reinvestment Act [R-1510]
The OCC, Board, and FDIC ("Agencies") are seeking public comment on a second set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions. The Agencies are seeking comment on regulations in the following categories: Banking Operations, Capital, and the Community Reinvestment Act.
Closing date for comments: 05/14/2015
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The OCC, Board, and FDIC ("we" or "Agencies") are conducting a review of the regulations we have issued to identify outdated, unnecessary, or unduly burdensome regulations for insured depository institutions. This review is required by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ("EGRPRA"). To facilitate this review, the Agencies have divided these regulations into 12 subject-matter categories and identified the regulations within each category. This is the first of the four Federal Register requests for comment. In it, we are seeking comment on the regulations in the following three categories: Applications and Reporting, Powers and Activities, and International Operations. We will address the remaining nine categories in the three subsequent requests for comment.
Closing date for comments: 09/2/2014