Capital levels of correspondents.

CFR · 2024-01-01 · US · Title 12

(a) (1) A total risk-based capital ratio, as defined in paragraph (e)(1) of this section, of 8.0 percent or greater; (2) A Tier 1 risk-based capital ratio, as defined in paragraph (e)(2) of this section, of 4.0 percent or greater; and (3) A leverage ratio, as defined in paragraph (e)(3) of this section, of 4.0 percent or greater. (4) Notwithstanding paragraphs (a)(1) through (3) of this section, a qualifying community banking organization (as defined in § 217.12 of this chapter) that is subject to the community bank leverage ratio (as defined in § 217.12 of this chapter) is considered to have met the minimum capital requirements in this paragraph (a). (b) (c) (d) (e) (1) (2) (3) (f) (2) For a correspondent that is a foreign bank organized in a country that has adopted the risk-based framework of the Basel Capital Accord, the ratios shall be calculated in accordance with the capital adequacy guidelines of the appropriate supervisory authority of the country in which the correspondent is chartered. (3) For a correspondent that is a foreign bank organized in a country that has not adopted the risk-based framework of the Basel Capital Accord, the ratios shall be calculated in accordance with the provisions of the Basel Capital Accord.

official document · source cfr-2024 · id 12:§ 206.5