On September 17, the FDIC unanimously adopted a final rule that simplifies capital requirements for certain community banking organizations with less than $10 billion in total consolidated assets, which implements Section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The rulemaking finalizes, with a number of important modifications and clarifications, the interagency proposal published by the FDIC, the Federal Reserve and the OCC in February of 2019.