On December 12, 2014, the Federal Reserve Board proposed amendments to its risk-based capital framework in relation to depository institution holding companies with non-traditional capital structures. The proposed rule sets out examples of instruments issued by non-stock entities, characteristics that prevent these instruments from counting towards tier 1 common equity capital, and provides suggestions on alterations that would allow them to count towards the requirements. The proposal would also add provisions relating to savings and loan holding companies and extend the deadline to January 1, 2016 from January 1, 2015 to allow for compliance with the new rules by the relevant entities.
The proposal is available at:
http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20141212a1.pdf.
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