On October 29, 2019, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the “Federal Banking Agencies”) issued a joint press release announcing a final rule which provides qualifying community banking organizations the ability to opt-in to a new community bank leverage ratio (“CBLR”) framework. As part of its announcement, the Federal Banking Agencies issued a CBLR compliance guide. To review the CBLR compliance guide, please click here.
