On October 11th, the Office of the Comptroller of the Currency ("OCC") and the Federal Reserve Board published a final rule that replaces their existing risk-based and leverage capital rules. The final rule is consistent with the interim final rule published by the Federal Deposit Insurance Corporation ("FDIC"). The rule establishes a new regulatory capital framework that incorporates revisions to the Basel capital framework, including Basel III and other elements. The rule strengthens the definition of regulatory capital, increases risk-based capital requirements, and amends the methodologies for determining risk-weighted assets. The rule applies to all national banks and federal savings associations. Subject to various transition periods, the rule is effective for advanced approaches banks on January 1, 2014, and for all other banks on January 1, 2015. OCC Bulletin.