,,ii  #aaeth ,,congress  #b;d ,session  
,s4 #cfhb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #bi1 
#bjah,mr4 ,perdue introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the appropriate     
,federal banking agencies to recognize  
the exposure-reducing nature of client  
margin for cleared derivatives4  #a4    
,treatment of client margin  7a7        
,treatment of client margin for insured 
depository institutions ,section #ah7n7 
of the ,federal ,deposit ,insurance ,act
 7#ab ,u4,s4,c4 #ahbh7n77 is amended--  
7#a7 by striking ,no appropriate and    
inserting the following3  7#a7          
,unidentified intangible assets ,no     
appropriate  2 and  7#b7 by adding at   
the end the following3  7#b7 ,treatment 
of client margin ,for purposes of any   
leverage-based capital rule1 guideline1 
standard1 or requirement promulgated1   
prescribed1 or imposed by any           

appropriate ,federal banking agency on  
insured depository institutions1 the    
amount of any initial margin provided by
 a client of an insured depository      
institution with respect to a centrally 
cleared derivative obligation shall be  
deducted from the amount of any leverage
 exposure arising from the insured      
depository institution's guarantee of   
the client's derivative obligation to   
the central counterparty4  4  7b7       
,treatment of client margin for bank    
holding companies ,section #e7;c77#c7 of
 the ,bank ,holding ,company ,act of    
#aief 7#ab ,u4,s4,c4 #ahdd7;c77#c77 is  
amended-- 7#a7 by adding at the end the 
following3  7,d7 ,treatment of client   
margin ,for purposes of any             
leverage-based capital rule1 guideline1 
standard1 or requirement promulgated1   
prescribed1 or imposed by the ,board on 
bank holding companies1 the amount of   
any initial margin provided by a client 
of a bank holding company or affiliate  
thereof with respect to a centrally     

cleared derivative obligation shall be  
deducted from the amount of any leverage
 exposure arising from the guarantee by 
the bank holding company or affiliate   
thereof of the client's derivative      
obligation to the central counterparty4 
4  7c7 ,treatment of client margin for  
savings and loan holding companies      
,section #aj7;g77#a7 of the ,home       
,owners' ,loan ,act 7#ab ,u4,s4,c4      
#adfg;a7g77#a77 is amended-- 7#a7 by    
striking ,the ,board and inserting the  
following3  7,a7 ,regulations and orders
 ,the ,board  2 and  7#b7 by adding at  
the end the following3  7,b7 ,treatment 
of client margin ,for purposes of any   
leverage-based capital rule1 guideline1 
standard1 or requirement promulgated1   
prescribed1 or imposed by the ,board on 
savings and loan holding companies1 the 
amount of any initial margin provided by
 a client of a savings and loan holding 
company or affiliate thereof with       
respect to a centrally cleared          
derivative obligation shall be deducted 

from the amount of any leverage exposure
 arising from the guarantee by the      
savings and loan holding company or     
affiliate thereof of the client's       
derivative obligation to the central    
counterparty4  4  7d7 ,amendments to    
leverage-,based capital regulations ,not
 later than the end of the #c-month     
period beginning on the date of the     
enactment of this ,act1 the ,federal    
,deposit ,insurance ,corporation1 the   
,board of ,governors of the ,federal    
,reserve ,system1 and the ,comptroller  
of the ,currency shall amend their rules
 to implement the amendments made by    
this ,act4