Insights

Client Alert: Federal Banking Agencies Final Rule on Capital (Basel III)

Client Alerts

Wednesday, July 3, 2013

The Federal Reserve and the Office of the Comptroller of the Currency have adopted a final rule that will revise the current risk-based and leverage capital requirements for banking organizations. The Wyrick Robbins Banking & Financial Institutions Practice Grouphas issued this Client Alert to summarize the rule and discuss how certain changes made by the agencies after the proposed rules were released last year provide smaller banking organizations with the opportunity to make a one-time election not to include most elements of accumulated other comprehensive income in regulatory capital. The Client Alert is accompanied by a chart distributed by the Federal Reserve outlining the implications of the final rule for Community Banking Organizations.