| Notice Filed with SOS |
05/19/2023 |
| Rule |
ProposedRuleAttach2023-00278.pdf |
| Additional Information |
AddInfoAttach2023-00278.pdf |
| Statutory Authority |
The statutory basis for Banking Board Rule 3 CCR 701-1 CB101.52 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 rulemaking is to amend Rule 3 CCR 701-1 CB101.52.
The Colorado Division of Banking finds that the proposed amendments to this Rule are necessary as
follows:
Re-name Rule to “Capital Standards”
Move the minimum capital ratios, currently in 3 CCR 701-1 CB101.51 into 3 CCR 701-1 CB101.52, and to better align capital standards with the Federal Reserve Bank (member banks) and the Federal Deposit Insurance Corporation (non-member banks) through the incorporation by reference the following applicable code of federal regulations:
o Code of Federal Regulations Title 12 - Banks and Banking Chapter II - Federal Reserve
System Subchapter A - Board of Governors of the Federal Reserve System Part 217 Capital
Adequacy of Bank Holding Companies, Savings and Loan Holding Companies, and State
Member Banks (Regulation Q).
o Code of Federal Regulations Title 12 - Banks and Banking Chapter II - Federal Reserve
System Subchapter A - Board of Governors of the Federal Reserve System Part
208-Membership of State Banking Institutions in the Federal Reserve System (Regulation H).
o Code of Federal Regulations Title 12 - Banks and Banking Chapter III - Federal Deposit
Insurance Corporation Subchapter B - Regulations and Statements of General Policy Part 324
Capital Adequacy of FDIC-Supervised Institutions, which includes Subpart H Prompt
Corrective Action.
The incorporated material is available at https://banking.colorado.gov/banking-home/rules-statutes. |
| Purpose/Objective of Rule |
The purpose of this Rule is to define risked-based capital and its components, establish risk categories and weights, and establish guidelines regarding the adequacy of risk-based capital. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00278.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 |