A bill to require the Federal Reserve to make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors, and for other purposes. 2014-07-30 Introduced in Senate Directs the Board of Governors of the Federal Reserve System to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors applying the policy to bank holding companies and savings and loan holding companies which have pro forma consolidated assets of less than $1 billion, and which:

  • are not engaged in significant nonbanking activities either directly or through a nonbank subsidiary;
  • do not conduct significant off-balance sheet activities (including securitization, asset management or administration) either directly or through a nonbank subsidiary; and
  • do not have a material amount of outstanding debt or equity securities, other than trust preferred securities, registered with the Securities and Exchange Commission (SEC).

Authorizes the Board, however, to exclude any bank holding company or savings and loan holding company from the policy statement if that is warranted for supervisory purposes.

]]> text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.