The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision have jointly issued the attached advance notice of proposed rulemaking (ANPR) seeking public comment on whether to develop a simplified regulatory capital framework for "non-complex" banking and thrift institutions. Comments are due by February 1, 2001. Banks and thrifts are required to maintain minimum levels of capital that have been set by U.S. regulators under a framework established by the Basel Accord in 1988. Regulators in the U.S. and in other countries have been revising the 1988 Accord to better address the capital needs of large, complex and internationally active institutions. However, U.S. regulators also believe that a large number of community banks and thrifts could benefit from a simpler capital framework that would conform to the principles of a revised Basel Accord and maintain prudential standards, yet relieve unnecessary regulatory burden. The ANPR solicits public comment on the agencies' preliminary views and on the following issues in particular:
For more information, please contact Keith A. Ligon (202-898-3618) in the FDIC's Division of Supervision or Michael B. Phillips (202-898-3581) in the FDIC's Legal Division.
Attachments: Federal Register, November 3, 2000 (Volume 65, Number 214), pages 66193-66197
Distribution: FDIC-Supervised Banks (Commercial and Savings) NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200). |
Last Updated 11/3/2000 | communications@fdic.gov |