Page 3 - May 2018

Agencies Propose Amendments to 05/21/2018. The notice may be viewed at:
Enhanced Supplementary Leverage Ratio https://www.gpo.gov/fdsys/pkg/FR-2018-04-
19/pdf/2018-08066.pdf. Federal Register, Vol. 83,
Standards. No. 76, 04/19/2018, 17317-17327.

The Board of Governors of the Federal Reserve
System (FRB), and the Office of the Comptroller of Agencies Request Comment on
the Currency (OCC) proposed amendments that Information Collection.
would modify the enhanced supplementary leverage
ratio standards for U.S. top-tier bank holding The Board of Governors of the Federal Reserve
companies identified as global systemically important System (FRB), the Federal Deposit Insurance
bank holding companies (GSIBs) and certain of their Corporation (FDIC), and the Office of the
insured depository institution subsidiaries. Comptroller of the Currency (OCC) announced they
Specifically, the proposal would modify the current 2 seek comment on the information collection titled
percent leverage buffer, which applies to each GSIB, The Consolidated Reports of Condition and Income.
to equal 50 percent of the firm’s GSIB risk-based The Agencies also gave notice that they sent the
capital surcharge. The proposal also would require a collection to OMB for review. Comments are due
FRB- or OCC-regulated insured depository 05/11/2018. The notice may be viewed at:
institution subsidiary of a GSIB to maintain a https://www.gpo.gov/fdsys/pkg/FR-2018-04-
supplementary leverage ratio of at least 3 percent 11/pdf/2018-07443.pdf. Federal Register, Vol. 83,
plus 50 percent of the GSIB risk-based surcharge No. 70, 04/11/2018, 15678-15702.
applicable to its top-tier holding company in order to
be deemed “well capitalized” under FRB’s and CFPB Finalizes Amendments to Federal
OCC’s prompt corrective action rules. Consistent Mortgage Disclosure Requirements
with this approach to establishing enhanced Under the Truth in Lending Act.
supplementary leverage ratio standards for insured
depository institutions, OCC is proposing to revise The Bureau of Consumer Financial Protection
the methodology it uses to identify which national (CFPB) finalized amendments to Federal mortgage
banks and Federal savings associations are subject to disclosure requirements under the Real Estate
the enhanced supplementary leverage ratio standards Settlement Procedures Act (RESPA) and the Truth in
to ensure that they apply only to those national banks Lending Act (TILA) that are implemented in
and Federal savings associations that are subsidiaries Regulation Z. The amendments relate to when a
of a Board-identified GSIB. FRB also is seeking creditor may compare charges paid by or imposed on
comment on a proposal to make conforming the consumer to amounts disclosed on a Closing
modifications to the GSIB leverage buffer of FRB’s Disclosure, instead of a Loan Estimate, to determine
total loss-absorbing capacity and long-term debt if an estimated closing cost was disclosed in good
requirements and other minor amendments to the faith. The final rule is effective 06/01/2018. The
buffer levels, covered intermediate holding company notice may be viewed at:
conformance period, methodology for calculating the https://www.gpo.gov/fdsys/pkg/FR-2018-05-
covered intermediate holding company long-term 02/pdf/2018-09243.pdf. Federal Register, Vol. 83,
debt amount, and external total loss-absorbing No. 85, 05/02/2018, 19159-19176.
capacity risk-weighted buffer. Comments are due

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