other · Treasury · Rule · Published 1998-03-09 · Effective 1998-04-01 · 63 FR 11361
Document
Document number
98-5896
Federal Register citation
63 FR 11361
CFR reference
12 CFR 575
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
1998-03-09
Effective date
1998-04-01
Treasury docket
98-23
Abstract
The Office of Thrift Supervision (OTS) is amending its mutual holding company regulations to permit a mutual holding company (MHC) to establish a subsidiary stock holding company that would hold all of the stock of a savings association subsidiary. The final rule permits the establishment of intermediate stock holding companies (SHCs) that will be subject to restrictions that are substantially similar to those currently applicable to MHCs.