Sec. 2. Changes required to small bank holding company policy statement on assessment of financial and managerial factors

270 words·~1 min read·/bill/113/hr/1750/ih/section-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part 225—appendix C) that provide that the policy shall apply to a bank holding company which has pro forma consolidated assets of less than $5,000,000,000 and that— is not engaged in any nonbanking activities involving significant leverage; and does not have a significant amount of outstanding debt that is held by the general public.

The Board of Governors of the Federal Reserve System shall annually adjust the dollar amount referred to in paragraph

(1)in the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors by an amount equal to the percentage increase, for the most recent year, in total assets held by all insured depository institutions, as determined by the Board. Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part 225—appendix C) such that the debt-to-equity ratio allowable for a small bank holding company in order to remain eligible to pay a corporate dividend and to remain eligible for expedited processing procedures under Regulation Y of the Board of Governors of the Federal Reserve System would increase from 1:1 to 3:1.

Connections1 off-index

1 reference not yet in our index

12 CFR 225

Citation graph

cites case law

Sec. 2

Changes required to small bank holding company policy statement on assessment of financial and managerial factors

Cite12 CFR 225

Cites 1Cited by 0 across 0 sources