| Notice Filed with SOS |
05/19/2023 |
| Rule |
ProposedRuleAttach2023-00277.pdf |
| Additional Information |
AddInfoAttach2023-00277.pdf |
| Statutory Authority |
The statutory basis for Banking Board Rule 3 CCR 701-1 CB101.51 is found in Section 11-103-201 of the
Colorado Revised Statutes.
11-101-102. Declaration of policy.
11-102-104. Powers and duties of the banking board.
11-103-201. Capital. |
| Description of Subjects/Issues |
The purpose of this Rule is to establish a base level of capital minimum capital ratios, and higher capital
ratios for individual institutions that meet certain criteria.
The purpose of this rulemaking is to repeal Rule 3 CCR 701-1 CB101.51.
The Colorado Division of Banking finds that the proposed repeal of this Rule is necessary as follows:
● The information contained within this Rule will be replaced by applicable code of federal
regulations pertaining to capital through incorporation by reference into Rule 3 CCR 701-1
CB101.52, thereby making Rule 3 CCR 701-1 CB101.51 no longer necessary. |
| Purpose/Objective of Rule |
The purpose of this Rule is to establish a base level of capital minimum capital ratios, and higher capital ratios for individual institutions that meet certain criteria. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00277.pdf
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
07/20/2023 |
| Hearing Time |
10:00 AM |
| Hearing Location |
1560 Broadway, Suite 100D, Denver, Colorado |
| Contact Name |
Charles Siler |
| Contact Title |
Banking Board Administrator |
| Contact Telephone |
3038947584 |
| Contact email |
charles.siler@state.co.us |