,,ib ,union ,calendar ,no4 #fab #aahth  
,,congress  #b;d ,session  ,h4 ,r4 #dbjf
 ,report ,no4 #aah-gbe ,,in ,,the       
,,house ,,of ,,representatives  ,june   
#bj1 #bjbc,mr4 ,sherman introduced the  
following bill2 which was referred to   
the ,committee on ,financial ,services  
,november #a1 #bjbd;,additional sponsor3
 ,mr4 ,casten  ,november #a1            
#bjbd,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed,strike
 out all after the enacting clause and  
insert the part printed in italic,for   
text of introduced bill1 see copy of    
bill as introduced on ,june #bj1 #bjbc  
,a ,,bill  ,to amend the ,financial     
,stability ,act of #bjaj to require     
covered financial institutions to       
include elements of accumulated other   
comprehensive income when calculating   
capital for purposes of meeting capital 
requirements1 and for other purposes4   
#a4 ,short title ,this ,act may be cited

 as the ,bank ,safety ,act of #bjbd4    
#b4 ,capital requirements relating to   
accumulated other comprehensive income  
7a7 ,in general ,section #aga of the    
,financial ,stability ,act of #bjaj 7#ab
 ,u4,s4,c4 #ecga7 is amended by adding  
at the end the following new subsection3
  7d7 ,inclusion of elements of         
accumulated other comprehensive income  
7#a7 ,in general ,the computation of    
capital for purposes of meeting capital 
requirements for a covered financial    
institution shall include ,,aoci4  7#b7 
,definitions ,in this subsection3 7,a7  
,,aoci ,the term ,,aoci means-- 7i7 all 
accumulated other comprehensive income  
components1 except for accumulated net  
gains and losses on cash flow hedges    
related to items that are not recognized
 at fair value2 or  7ii7 such other     
definition as the ,federal banking      
agencies may establish1 by rule4  7,b7  
,covered financial institution  7i7 ,in 
general ,the term covered financial     
institution means-- 7,i7 a depository   

institution holding company 7as defined 
in section #c of the ,federal ,deposit  
,insurance ,act7 with total consolidated
 assets greater than #ajj1jjj1jjj1jjj2  
7,,ii7 an insured depository institution
 over which a bank holding company does 
not have control with total consolidated
 assets greater than #ajj1jjj1jjj1jjj2  
or  7,,iii7 such other category of      
depository institution holding companies
 or insured depository institutions as  
may be jointly determined by the        
,federal banking agencies1 by rule1     
based on an analysis of financial       
risk-related factors4  7ii7 ,exception  
,unless the ,board of ,governors        
determines it to be necessary to ensure 
the safety and soundness of a covered   
financial institution1 the term covered 
financial institution does not include a
 savings and loan holding company-- 7,i7
 that is substantially engaged in       
insurance underwriting or commercial    
activities2 or  7,,ii7 with respect to  
which the ,small ,bank ,holding ,company

 and ,savings and ,loan ,holding        
,company ,policy ,statement of the      
,board of ,governors applies 7#ab ,,cfr 
#bbe app4 ,c74  4  7b7 ,transition      
provision  7#a7 ,in general ,the        
,federal banking agencies shall1        
jointly1 establish a transition period  
for the application of the requirement  
under subsection 7d7 of section #aga of 
the ,financial ,stability ,act of #bjaj 
to a covered financial institution      
7including an opt out institution7      
that-- 7,a7 phases in such requirement  
over time2 and  7,b7 fully applies such 
requirement to covered financial        
institutions on or before ,july #a1     
#bjbh4  7#b7 ,definitions ,in this      
subsection3 7,a7 ,covered financial     
institution ,the term covered financial 
institution has the meaning given that  
term under section #aga7;d7 of the      
,financial ,stability ,act of #bjaj4    
7,b7 ,federal banking agency ,the term  
,federal banking agency has the meaning 
given that term under section #c of the 

,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahac74  7,c7 ,opt out        
institution ,the term opt out           
institution means a covered financial   
institution that elected to opt out of  
the requirement to report accumulated   
other comprehensive income components   
pursuant to the rule titled ,changes to 
,applicability ,thresholds for          
,regulatory ,capital and ,liquidity     
,requirements 7#hd ,fed4 ,reg4 #eibcj2  
,november #a1 #bjai74  ,november #a1    
#bjbd,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed