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The Federal Reserve Board, the Office of the Comptroller of the Currency and the FDIC (collectively, the "agencies") proposed amending the definition of "high volatility commercial real estate (HVCRE) exposure" in their respective regulatory capital rules.
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The Federal Reserve Board, the Office of the Comptroller of the
Currency and the FDIC (collectively, the "agencies") proposed amending the definition of "high
volatility commercial real estate (HVCRE) exposure" in their
respective regulatory capital rules.
The agencies stated that the change is being made to conform the
proposed definition to the definition of "high volatility
commercial real estate acquisition, development, or construction
(HVCRE ADC) loan" pursuant to Section 214 of the Economic Growth, Regulatory Relief, and Consumer
Protection Act. The proposal also solicits comments on other
terms contained in the revised definition of HVCRE.
The changes would apply to all banking organizations that are
subject to the agencies' capital rules. Comments will be
accepted for 60 days following publication of the proposal in the
Federal Register.
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