Request for Public Comment on Lower Risk Weighting for Bank Claims on Securities Firms - District Notice

Federal Reserve Bank Of Dallas

Informations

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• Langue: English

Extrait

Federal Reserve Bank
ll★K
of Dallas
DALLAS, TEXAS
75265-5906
December 21, 2000
Notice 00-80
TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Request for Public Comment on
Lower Risk Weighting for Bank Claims on
Securities Firms
DETAILS
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance
Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision have
requested public comment on a proposal to amend their capital standards for banks, bank holding
companies, and savings associations. The amendment would reduce the risk weight applied to claims
on, or guaranteed by, qualifying securities firms incorporated in countries that are members of the
Organization for Economic Cooperation and Development from 100 percent to 20 percent.
The Board must receive comments by January 22, 2001. Please address comments to
Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and
Constitution Avenue, N.W., Washington, DC 20551. Also, you may mail comments electronically to
[e-mail]. All comments should refer to Docket No. R-1085.
AT TACHMENT
A copy of the agencies’ notice as it appears on pages 76180–84, Vol. 65, No. 235 of the
Federal Register dated December 6, 2000, is attached.
MORE INFORMATION
For more information, please contact Dorsey Davis, [phone], in the
Banking Supervision Department. For additional copies of this Bank’s notice, contact the
Public Affairs Department at [phone] or access District Notices on our web site at
http://www.dallasfed.org/banking/notices/index.html.
For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office [phone]; El Paso Branch Intrastate [phone], Interstate [phone];
Houston Branch Intrastate [phone], Interstate [phone]; San Antonio Branch Intrastate [phone].76180 Federal Register/Vol. 65, No. 235/Wednesday, December 6, 2000/Proposed Rules
Comptroller of the Currency, Public until 4 p.m. on Tuesdays and ThursdaysDEPARTMENT OF THE TREASURY
Information Room, 250 E Street, SW., or obtain comments and/or an index of
Office of the Comptroller of the Mail Stop 1–5, Washington, DC 20219. comments by facsimile by telephoning
Currency In addition, you may send comments by the Public Reference Room at (202) 906–
facsimile transmission to (202) 874– 5900 from 9 a.m. until 5 p.m. on
12 CFR Part 3 5274. You can inspect and photocopy business days. Comments and the
comments at that address. You can related index will also be posted on the
[Docket No. 00–27]
make an appointment to inspect the OTS Internet Site at www.ots.treas.gov.
RIN 1557–AB14 comments by calling (202) 874–5043. FOR FURTHER INFORMATION CONTACT:
Board: Comments should refer to OCC: Margot Schwadron, Risk Expert
FEDERAL RESERVE SYSTEM docket number R–1085, and should be (202/874–5070), Capital Policy Division;
sent to Ms. Jennifer J. Johnson, or Ron Shimabukuro, Senior Attorney
12 CFR Parts 208 and 225 Secretary, Board of Governors of the (202/874–5090), Legislative and
Federal Reserve System, 20th Street and[Regulations H and Y; Docket No. R–1085] Regulatory Activities Division, Office of
Constitution Avenue, NW., Washington, the Comptroller of the Currency, 250 E
FEDERAL DEPOSIT INSURANCE DC 20551 or mailed electronically to Street, SW., Washington, DC 20219.
CORPORATION [e-mail]. Board: Norah Barger, Assistant
Comments addressed to Ms. Johnson Director (202/452–2402), Barbara
12 CFR Part 325 also may be delivered to the Board’s Bouchard, Manager (202–452–3072), or
mailroom between the hours of 8:45 John F. Connolly, Supervisory FinancialRIN 3064–AC17
a.m. and 5:15 p.m. and, outside those Analyst (202/452–3621), Division of
DEPARTMENT OF THE TREASURY hours, to the Board’s security control Banking Supervision and Regulation; or
room. Both the mailroom and the Mark E. Van Der Weide, Counsel (202/
Office of Thrift Supervision security control room are accessible 452–2263), Legal Division. For the
from the Eccles Building courtyard hearing impaired only,
12 CFR Part 567 entrance, located on 20th Street between Telecommunication Device for the Deaf
Constitution Avenue and C Street, NW. (TDD), Janice Simms (202/872–4984),[Docket No. 2000–96]
Members of the public may inspect Board of Governors of the Federal
RIN 1550–AB11 comments in room MP–500 of the Reserve System, 20th Street and
Martin Building between 9 a.m. and 5 Constitution Avenue, NW., Washington,
Risk-Based Capital Standards: Claims p.m. on weekdays. DC 20551.
on Securities Firms FDIC: Written comments should be FDIC: For supervisory issues, Stephen
addressed to Robert E. Feldman, G. Pfeifer, Examination Specialist (202/AGENCIES: Office of the Comptroller of
Executive Secretary, Attention: 898–8904), Accounting Section,the Currency, Treasury (OCC); Board of
Comments/OES, Federal Deposit Division of Supervision; for legal issues,Governors of the Federal Reserve
Insurance Corporation, 550 17th Street, Leslie Sallberg, Counsel, (202/898–System (Board); Federal Deposit
NW., Washington, DC 20429. Comments 8876), Legal Division, Federal DepositInsurance Corporation (FDIC); and
may be hand-delivered to the guard Insurance Corporation, 550 17th Street,Office of Thrift Supervision, Treasury
station at the rear of the 17th Street NW., Washington, DC 20429.(OTS).
Building (located on F Street), on OTS: David W. Riley, Project
ACTION: Joint notice of proposed business days between 7 a.m. and 5 p.m. Manager, (202/906–6669), Supervision
rulemaking. (FAX number (202) 898–3838; Internet Policy; Teresa A. Scott, Counsel,
address; [e-mail]). Banking and Finance (202/906–6478),SUMMARY: The Board, OCC, FDIC and
Comments may be inspected and Regulations and Legislation Division,OTS (collectively, the Agencies) are
photocopied in the FDIC Public Office of the Chief Counsel, Office ofproposing to amend their respective
Thrift Supervision, 1700 G Street, NW.,Information Center, Room 100, 801 17thrisk-based capital standards for banks,
Street, NW., Washington, DC 20429, Washington, DC 20552.bank holding companies, and savings
between 9 a.m. and 4:30 p.m. on SUPPLEMENTARY INFORMATION: Theassociations (collectively, institutions)
business days. Agencies’ risk-based capital standardswith regard to the risk weighting of
OTS: Send comments to Manager, are based upon principles contained inclaims on, and claims guaranteed by,
Dissemination Branch, Records the July 1988 agreement entitledqualifying securities firms. This
Management and Information Policy, ‘‘International Convergence of Capitalproposed rule would reduce the risk
Office of Thrift Supervision, 1700 G Measurement and Capital Standards’’weight applied to claims on, and claims
Street, NW., Washington, DC 20552, (Basel Accord or Accord). The Baselguaranteed by, qualifying securities
Attention Docket No. 2000–96. Hand Accord was developed by the Baselfirms incorporated in countries that are
deliver comments to the Guard’s Desk, Committee on Banking Supervisionmembers of the Organization for
East Lobby Entrance, 1700 G Street, (Basel Committee) and endorsed by theEconomic Cooperation and
NW., from 9 a.m. to 4 p.m. on business central bank governors of the Group ofDevelopment (OECD) from 100 percent
days, Attention Docket No. 2000–96. 1Ten (G–10) countries. The Baselto 20 percent under the Agencies’ risk- Send facsimile transmissions to FAX Accord provides a framework forbased capital rules. Number (202) 906–7755, Attention assessing the capital adequacy of a
DATES: Your comments must be received Docket No. 2000–96; or (202) 906–6956 depository institution by risk weighting
by January 22, 2001. (if comments are over 25 pages). Send
ADDRESSES: Comments should be e-mails to [e-mail], 1 The G–10 countries are Belgium, Canada,
directed as follows: Attention Docket No. 2000–96, and France, Germany, Italy, Japan, Netherlands,
Sweden, Switzerland, the United Kingdom, and theOCC: You may send comments include your name and telephone
United States. The Basel Committee is comprised ofelectronically to number. Interested persons may inspect
representatives of the central banks and supervisory
[e-mail] or by mail comments at the Public Reference authorities from the G–10 countries and
to Docket No. 00–27, Office of the Room, 1700 G St. NW., from 10 a.m. Luxembourg.
VerDate 11<MAY>2000 14:08 Dec 05, 2000 Jkt 194001 PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 E:\FR\FM\06DEP1.SGM pfrm04 PsN: 06DEP1Federal Register/Vol. 65, No. 235/Wednesday, December 6, 2000/Proposed Rules 76181
its assets and off-balance-sheet three highest investment grade rating Claims on, and claims guaranteed by,
exposures primarily based on credit categories used by a nationally holding companies and other affiliates
risk. recognized statistical rating organization of a qualifying securities firm, would
The original Basel Accord imposed a (rating agency). retain their current 100 percent risk
20 percent risk weight for claims on Qualifying U.S. securities firms must weighting under the Agencies’ risk-
2banks incorporated in OECD countries be broker-dealers registered with the based capital rules. This treatment