Search Results for keywords:"bank holding companies"

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Search Results: keywords:"bank holding companies"

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  • 2025-00599 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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    Type:Notice
    Citation:90 FR 3213
    Reading Time:about 3 minutes

    The Federal Reserve System announced a notice regarding applications for approval to form or acquire bank holding companies. The applications are in accordance with the Bank Holding Company Act of 1956 and related regulations. This notice lists UIR Acceptance Corporation, based in Lemont, Illinois, applying to become a bank holding company by acquiring Easton Bancshares, Inc., and Community Bank of Easton, both located in Easton, Illinois. The public can view these applications and submit comments to the responsible Federal Reserve Bank or the Board of Governors.

    Simple Explanation

    The Federal Reserve System is sharing news about a company called UIR Acceptance Corporation wanting to buy another bank company. People can see these plans and tell the Federal Reserve what they think, but they should know their comments will be shared publicly.

  • 2021-02182 — Capital Planning and Stress Testing Requirements for Large Bank Holding Companies, Intermediate Holding Companies and Savings and Loan Holding Companies
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    Type:Rule
    Citation:86 FR 7927
    Reading Time:about 2 hours

    The Federal Reserve Board has established new rules to adjust the capital and stress testing requirements for large bank holding companies and intermediate holding companies. These rules are tailored to the risk levels of different companies, with specific standards set for firms falling under "Category IV" based on the Board's revised prudential framework. This update aligns with previous rule changes and includes modifications to capital planning, stress tests, and regulatory reporting requirements. The final rule also requires certain savings and loan holding companies to adhere to similar capital planning and stress testing standards.

    Simple Explanation

    The Federal Reserve made some new rules for big banks to make sure they have enough money saved up for difficult times. They want these banks to plan better for the future and check how much money they need, with special rules for different types of banks based on how risky they are.

  • 2021-00033 — Membership of State Banking Institutions in the Federal Reserve System; Reports of Suspicious Activities Under Bank Secrecy Act
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    Type:Proposed Rule
    Citation:86 FR 6576
    Reading Time:about 21 minutes

    The Board of Governors of the Federal Reserve System has proposed a rule to change how Suspicious Activity Reports (SARs) are filed by certain financial institutions, like state member banks and bank holding companies. The rule aims to allow for exemptions from these requirements to help banks more effectively meet Bank Secrecy Act requirements, potentially leading to innovative ways to tackle financial crime. The Board will coordinate with FinCEN on exemption requests and is seeking public comments on the proposal until February 22, 2021. The proposal emphasizes that these exemptions won't relieve institutions from complying with FinCEN’s SAR regulations.

    Simple Explanation

    The Board that helps manage banks wants to change the rules so banks can try new and better ways to catch suspicious transactions, but they have to follow special guidelines and rules from another group too. They are asking people to share their thoughts by a certain date to help make these rules better.

  • 2024-29981 — Regulation Q; Regulatory Capital Rule: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies
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    Type:Notice
    Citation:89 FR 102908
    Reading Time:about 3 minutes

    The Federal Reserve Board has announced the 2024 global indicator amounts used to determine risk-based capital surcharges for bank holding companies considered globally significant. These surcharges are calculated using a formula that considers various factors like size and interconnectedness. The Board uses data collected by the Basel Committee on Banking Supervision and converts these figures from euros to U.S. dollars for their calculations. The notice provides a methodology for identifying such banks based on their potential impact on the financial system.

    Simple Explanation

    The Federal Reserve is talking about how they figure out extra money big banks have to keep aside to stay safe, like having a piggy bank for rainy days. They look at a lot of numbers, like the bank's size, and use tricky math to decide who needs a bigger piggy bank, even if this seems a bit confusing.