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Federal R eserve Bank OF DALLAS DALLAS. TEXAS 75222 April 28, 1986 Circular 86-41 TO: The Chief Executive Officer of all member banks and others concerned in the Eleventh Federal Reserve District SUBJECT Extension of comnent period: proposed rulemaking of Regulation Y DETAILS In March 1986, through our Circular 86-23, the Federal Reserve Board requested comment on the guidelines for minimum and appropriate levels of capital for bank holding companies and state member banks. The comment period has been extended from April 25 to May 23, 1986, because of the significance of the Board's proposal and of the similar proposals subsequently issued by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. All comments should be submitted in writing to William W. Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th and Constitution Avenue, N.W., Washington, D.C. 20551. All correspondence should refer to Docket No. R-0567 and must be received by May 23, 1986. ATTACHMENTS attached. The Board's press releases and Federal Register document are .. For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - MORE INFORMATION For further information about various types of applications such as mergers and acquisitions by bank holding companies, contact Gayle Teague at (214) 651-6481. “ Questions pertaining to the Board's capital maintenance supplemental adjusted capital measure should be directed to the following Supervision and Regulation personnel: State Member Banks: Marvin C. McCoy, (214) 651-6657 Bank Holding Companies: Ann Worthy, (214) 651-6259. Sincerely yours, Federal Register / Vol. 51, No. 73 / Wednesday, April 16, 1986 / Proposed Rules Extension of Time To Comment on Proposed Rulemaking. ACTION: On January 24,1986, the Board announced a proposed modification of its Guidelines for minimum and appropriate levels of capital for bank holding companies and state chartered banks that are members of the Federal Reserve System. [51FR 3976 (January 31,1986)] This proposed amendment to the Board’s Guidelines, contained in Appendix A to the Board’s Regulation Y, 12 CFR Part 225, was designed to make the Board’s capital policies more systematically and explicitly sensitive to the risk exposure of individual banking organizations by providing for an additional supplemental adjusted capital measure to be considered by the Board in conjunction with existing primary and total capital-to-total assets ratios already contained in the Guidelines. The Board indicated that it would consider comments on this proposal received by April 25,1986. Since publication of the Board’s supplemental adjusted capital proposal, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have published for comment proposals for similar capital measures to be applied to state chartered banks that are not members of the Federal Reserve System and to national banks, respectively. Because of the significance of these proposals for the banking system and the important issues they raise, the Board is extending the comment period for its supplemental adjusted capital proposal (Docket R-0567) until May 23, 1986. The Board believes such an extension of the comment period will allow it to receive additional and more complete responses to its proposal. DATE: All comments should be received by May 23,1986. ADDRESS: All comments, which should refer to Docket No. R-0567, should be mailed to William W. Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th and Constitution Ave., NW., Washington, DC 20551, or should be delivered to the courtyard entrance, Gccles Building, 20th Street, NW., between “C” Street and Constitution Avenue, NW., between the hours of 8:45 a.m. and 5:15 p.m. weekdays. Comments may be inspected in Room 1122, Eccles Building, between 8:45 a.m. and 5:15 p.m. weekdays. SUMMARY: FEDERAL RESERVE SYSTEM 12 CFR Part 225 [R eg. Y; D o ck et No. R -0567] Bank Holding Companies and Change in Bank Control; Capital Maintenance; Supplemental Adjusted Capital Measure Board of Governors of the Federal Reserve System. AGENCY: FOR FURTHER INFORMATION CONTACT: Richard Spillenkothen, Deputy Associate Director (202/452-2594), Anthony G. Comyn, A ssistant Director (202/452-3354), or Catherine Piche, 12865 Financial Analyst (202/728-5871), Division of Banking Supervision and Regulation or James E. Scott, Senior Counsel, Legal Division (202/452-3513) of the Board’s staff; or Andrew Spindler, Vice President, Federal Reserve Bank of New York (212/791-5846). Board of Governors of the Federal Reserve System, April 10,1986. W illiam W . W iles, Secretary of the Board. [FR Doc. 86-8431 Filed 4-15-86; 8:45 am] BILLING CODE 6210-01-M
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