On August 30th, the Federal Reserve Board (the "Board"), FDIC, and Office of the Comptroller of the Currency (the "OCC") published in the Federal Register three proposed rules establishing an integrated regulatory capital framework. The agencies had first published the proposals in draft form on June 7, 2012. The proposed rules would implement the Basel III regulatory capital reforms and changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act'). The rulemaking was divided into three proposed rules to minimize the burden on smaller and mid-sized banking organizations and to allow firms to focus on the aspects of the proposed revisions that are most relevant to them.

Comments on the proposals should be submitted on or before October 22, 2012. See also OCC Bulletin.