#aae? ,,congress  #b;d ,session  ,h4 ,r4
 #dbif  ,,an ,,act  ,to place           
requirem5ts on op]ational risk capital  
requirem5ts = bank+ organizations       
e/abli%$ by an appropriate ,f$]al bank+ 
ag5cy4  #a4 ,op]ational risk capital    
requirem5ts = bank+ organizations  7a7  
,9 g5]al ,an appropriate ,f$]al bank+   
ag5cy may n e/abli% an op]ational risk  
capital requirem5t = bank+              
organizations1 unless su* requirem5t--  
7#a7 is bas$ prim>ily on ! risks pos$ by
 a bank+ organization's curr5t          
activities & bus9esses2  7#b7 is        
appropriately s5sitive to ! risks pos$  
by su* curr5t activities & bus9esses2   
7#c7 is det]m9$ "u a =w>d-look+         
assessm5t ( pot5tial losses t may arise 
out ( a bank+ organization's curr5t     
activities1 bus9esses1 & exposures1 :i* 
is n solely bas$ on a bank+             
organization's hi/orical losses2 &  7#d7
 p]mits adju/m5ts bas$ on qualify+      
op]ational risk mitigants4  7b7         
,def9itions ,= purposes ( ?is section3  

7#a7 ,appropriate ,f$]al bank+ ag5cy ,! 
t]m appropriate ,f$]al bank+ ag5cy--    
7,a7 has ! mean+ giv5 su* t]m "u section
 #c ( ! ,f$]al ,deposit ,insurance ,act2
 &  7,b7 means ! ,national ,cr$it ,union
 ,adm9i/ration1 9 ! case ( an insur$    
cr$it union4  7#b7 ,bank+ organization  
,! t]m bank+ organization means--  7,a7 
an insur$ depository in/itution 7z def9$
 "u section #c ( ! ,f$]al ,deposit      
,insurance ,act72  7,b7 an insur$ cr$it 
union 7z def9$ "u section #aja ( !      
,f$]al ,cr$it ,union ,act72  7,c7 a     
depository in/itution hold+ company 7z  
def9$ "u section #c ( ! ,f$]al ,deposit 
,insurance ,act72  7,d7 a company t is  
treat$ z a bank hold+ company = purposes
 ( section #h ( ! ,int]national ,bank+  
,act2 &  7,e7 a ,u4,s4 int]m$iate hold+ 
company e/abli%$ by a =eign bank+       
organization pursuant to section        
#beb4aec ( title #ab1 ,code ( ,f$]al    
,regulations4  #b4 ,r$uction ( surplus  
funds ( ,f$]al res]ve banks  7a7 ,9     
g5]al ,section #g7;a77#c77;,a7 ( !      

,f$]al ,res]ve ,act 7#ab ,u4,s4,c4      
#bhi7;a77#c77;,a77 is am5d$ by /rik+    
#g1ejj1jjj1jjj & ins]t+ #g1dfh1ega1dbh4 
7b7 ,effective date ,subsection 7a7 %all
 take effect on ,may #a1 #bjah4  ,pass$ 
! ,h\se ( ,repres5tatives ,febru>y #bg1 
#bjah4;,cl]k4