Capital Requirements for Board-Regulated Institutions Significantly Engaged in Insurance Activities

The Board adopted a final rule that established minimum risk-based capital requirements for certain depository institution holding companies significantly engaged in insurance activities (insurance depository institution holding companies). The final rule established an enterprise-wide risk-based capital framework, termed the Building Block Approach (BBA), that incorporates legal entity capital requirements such as the requirements prescribed by state insurance regulators, taking into account differences between the business of insurance and banking. The final rule also contains a risk-based capital requirement, in compliance with section 171 of The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Board also adopted the reporting form FR Q-1 in order to collect information related to the BBA. The capital requirements and associated reporting form meet statutory mandates and will help to prevent the economic and consumer impacts resulting from the failure of organizations engaged in banking and insurance. The FR Q-1 is effective January 1, 2024, with the first as of date being December 31, 2024.

The latest form for Capital Requirements for Board-Regulated Institutions Significantly Engaged in Insurance Activities expires 2027-01-31 and can be found here.

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Federal Enterprise Architecture: Economic Development - Financial Sector Oversight

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