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Regulation Q; Regulatory Capital Rules: Interim Final Rule To Exempt Small Savings and Loan Holding Companies From the Regulatory Capital Rules

Fed · final-rule · Published 2015-02-03 · Effective 2015-01-30 · 80 FR 5666

Document

Document number
2015-02038
Federal Register citation
80 FR 5666
CFR reference
12 CFR 217
Type
Rule
Action
Interim final rule with request for comment.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2015-02-03
Effective date
2015-01-30
Docket
Docket No. R-1508

Abstract

The Board invites comment on an interim final rule that would exempt savings and loan holding companies that have total consolidated assets of less than $500 million and meet certain other requirements from the Board's regulatory capital requirements (Regulation Q). This interim final rule implements a law recently passed by the U.S. Congress, which exempts small savings and loan holding companies from the minimum capital requirements mandated by section 171 of the Dodd- Frank Wall Street Reform and Consumer Protection Act that would meet the Board's Small Bank Holding Company Policy Statement if they were bank holding companies. In connection with this interim final rule, the Board is proposing to remove the requirement that qualifying savings and loan holding companies complete Schedule SC-R, Part I (Regulatory Capital Components and Ratios), of form FR Y-9SP (Parent Company Only Financial Statements for Small Holding Companies).

Source

Authoritative
Federal Register document
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