The Board of Governors of the Federal Reserve System (FRB) is adopting a final policy statement (Policy Statement) describing the framework that FRB will follow under its Regulation Q in setting the amount of the U.S. countercyclical capital buffer for advanced approaches bank holding companies, savings and loan holding companies, and state member banks. The Policy Statement is effective 10/14/2016. The policy statement may be viewed at: https://www.gpo.gov/fdsys/pkg/FR-2016-09-16/pdf/2016-21970.pdf. Federal Register, Vol. 81, No. 180, 09/15/2016, 63682-63688.