Type:Notice
Citation:86 FR 9340
Reading Time:about a minute or two
The Federal Reserve System has announced a notice about several companies seeking approval to become bank holding companies or acquire existing ones. These applications are made under the Bank Holding Company Act of 1956 and related regulations. The public can inspect these applications at designated Federal Reserve Banks or via the Federal Reserve's Freedom of Information Office. Comments on these applications are invited and must be submitted by March 15, 2021.
Simple Explanation
Some companies want to become or join banks, and they're asking for permission to do so. People can look at these requests and say what they think by March 15, 2021.