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be viewed at: https://www.gpo.gov/fdsys/pkg/FR-    certain regulatory reports to collect additional
               2017-01-18/pdf/2017-01021.pdf. Federal Register,   information on nonbank assets and to reduce
               Vol. 82, No. 11, 01/18/2017, 5541-5543.            reporting burdens for large and noncomplex firms.
                                                                  For all bank holding companies subject to the capital
               FRB Finalizes Rule on Regulation A.                plan rule, the final rule simplifies the initial
                                                                  applicability provisions of both the capital plan and
               The Board of Governors of the Federal Reserve      the stress test rules, reduces the amount of additional
               System (FRB) has issued a final rule on Regulation A   capital distributions that a bank holding company
               to reflect FRB’s approval of an increase in the rate   may make during a capital plan cycle without seeking
               for primary credit at each Federal Reserve Bank. The   FRB’s prior approval, and extends the range of
               secondary credit rate at each Reserve Bank         potential as-of dates FRB may use for the trading and
               automatically increased by formula as a result of   counterparty scenario component used in the stress
               FRB’s primary credit rate action. The final rule is   test rules. The final rule does not apply to bank
               effective 01/23/2017. The final rule may be viewed   holding companies with total consolidated assets of
               at: https://www.gpo.gov/fdsys/pkg/FR-2017-01-      less than $50 billion or to any state member bank or
               23/pdf/2017-00612.pdf. Federal Register, Vol. 82,   savings and loan holding company. The final rule is
               No. 13, 01/23/2017, 7635-7636.                     effective 03/06/2017. The final rule may be viewed
                                                                  at: https://www.gpo.gov/fdsys/pkg/FR-2017-02-
               FRB Finalizes Rule on Regulation D.                03/pdf/2017-02257.pdf. Federal Register, Vol. 82,
                                                                  No. 22 02/03/2017, 9308-9330.
               FRB has issued a final rule amending Regulation D
               to revise the rate of interest paid on balances    FRB Finalizes Rule on Total Loss-
               maintained to satisfy reserve balance requirements   Absorbing Capacity, Long-Term Debt,
               (IORR) and the rate of interest paid on excess     and Clean Holding Requirements.
               balances (IOER) maintained at Federal Reserve
               Banks by or on behalf of eligible institutions. The   FRB is adopting a final rule to require a U.S. top-tier
               final amendments specify that IORR is 0.75 percent   bank holding company identified under its rules as a
               and IOER is 0.75 percent, a 0.25 percentage point   global systemically important bank holding company
               increase from their prior levels. The amendments are   (covered BHC) to maintain outstanding a minimum
               intended to enhance the role of such rates of interest   amount of loss-absorbing instruments, including a
               in moving the Federal funds rate into the target range   minimum amount of unsecured long-term debt. In
               established by the Federal Open Market Committee.   addition, the final rule prescribes certain additional
               The final rule is effective 01/23/2017. The final rule   buffers, the breach of which would result in
               may be viewed at:                                  limitations on the capital distributions and
               https://www.gpo.gov/fdsys/pkg/FR-2017-01-          discretionary bonus payments of a covered BHC. The
               23/pdf/2017-00613.pdf. Federal Register, Vol. 82,   final rule applies similar requirements to the top-tier
               No. 13, 01/23/2017, 7636-7637.                     U.S. intermediate holding company of a global
                                                                  systemically important foreign banking organization
               FRB Finalizes Rule on Regulations Y and            with $50 billion or more in U.S. non-branch assets
               YY.                                                (covered IHC). The final rule also imposes
                                                                  restrictions on other liabilities that a covered BHC or
               FRB has issued a final rule that revises the capital   covered IHC may have outstanding in order to
               plan and stress test rules for bank holding companies   improve their resolvability and resiliency. The final
               with $50 billion or more in total consolidated assets   rule is effective 03/27/2017. The final rule may be
               and U.S. intermediate holding companies of foreign   viewed at: https://www.gpo.gov/fdsys/pkg/FR-2017-
               banking organizations. Under the final rule, large and   01-24/pdf/2017-00431.pdf. Federal Register, Vol.
               noncomplex firms (those with total consolidated    82, No. 14, 01/24/2017, 8266-8315.
               assets of at least $50 billion but less than $250
               billion, nonbank assets of less than $75 billion, and   FRB Finalizes Rule on Civil Monetary
               that are not U.S. global-systemically important    Penalties.
               banks) are no longer subject to the provisions of
               FRB’s capital plan rule whereby FRB may object to a   FRB has issued a final rule amending its rules of
               capital plan on the basis of qualitative deficiencies in   practice and procedure to adjust the amount of each
               the firm’s capital planning process. Accordingly,   civil monetary penalty (CMP) provided by law within
               these firms will no longer be subject to the qualitative   its jurisdiction to account for inflation as required by
               component of the annual Comprehensive Capital      the Federal Civil Penalties Inflation Adjustment Act
               Analysis and Review. The final rule also modifies   Improvements Act of 2015. The final rule is effective

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