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Ex. AGY-FED-FINANCIAL-026 Order Primary source read

Interim final rule, Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans, 85 Fed. Reg. 20387 (Apr. 13, 2020)

Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans

OCC, Board of Governors and FDIC · United States; OCC, Federal Reserve Board and FDIC (federal interagency) (Federal)

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The COVID Project

The record

Jurisdiction
United States; OCC, Federal Reserve Board and FDIC (federal interagency)
Level
Federal
Authority
12 U.S.C. § 3907; § 1831o
Issued
2020-04-13 Apr. 13, 2020
Effective
2020-04-13
End
Remained in force for PPP loans through the program's life (read as 2021-09-30)
In force
Apr. 13, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Other
Addressees
  • banking organizations participating in the PPP and the PPPLF
Functions reached
  • BL business lending (PPP origination volume)
  • OP capital management
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

[The rule provides that PPP loans] will receive a zero percent risk [weight and that the agencies will] neutralize the regulatory capital effects [of participating in the PPPLF].

Enforcement

12 C.F.R. parts 3, 217, 324

Notes

Context: the capital treatment that channeled bank lending capacity into PPP originations for closed and limited businesses

Retrieval note

Federal Register PDF read; bracketed words reconstruct column-garbled text.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.