12 CFR § 45.12 - Capital.

---
identifier: "/us/cfr/t12/s45.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 45.12 - Capital."
title_number: 12
title_name: "Banks and Banking"
section_number: "45.12"
section_name: "Capital."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "45"
part_name: "MARGIN AND CAPITAL REQUIREMENTS FOR COVERED SWAP ENTITIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 6s(e), 12 U.S.C. 1  12 U.S.C. 93a, 161, 481, 1818, 3907, 3909, 5412(b)(2)(B), and 15 U.S.C. 78o-10(e)."
regulatory_source: "80 FR 74898, 74910, Nov. 30, 2015, unless otherwise noted."
cfr_part: "45"
---


# 45.12 Capital.

A covered swap entity shall comply with:

(a) In the case of a covered swap entity that is a national bank or Federal savings association, the minimum capital requirements as generally provided 12 CFR part 3.

(b) In the case of a covered swap entity that is a Federal branch or agency of a foreign bank, the capital adequacy guidelines applicable as generally provided under 12 CFR 28.14.

[80 FR 74911, Nov. 30, 2015]