Fed Reminds Bank Buyers: Get Approval or Else
Published Date: 2/24/2025
Notice
Summary
Some families and groups want to buy or keep shares in banks, and the Federal Reserve is checking their applications to make sure everything’s fair and safe. If you want to share your thoughts, you have until March 11, 2025, to speak up. This process helps keep banks strong and protects your money!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
You can comment on bank control filings
If you want to express your views on the listed bank-control applications, you may send written comments to the indicated Federal Reserve Bank or to the Board of Governors (Ann E. Misback, Secretary) at 20th Street and Constitution Avenue NW, Washington, DC 20551-0001. Comments must be received not later than March 11, 2025.
Comments will be publicly disclosed
Comments you submit on these applications are subject to public disclosure and generally will be made available without change, including personal or business contact information. The notice warns you not to include confidential information in your comments.
Filings available for inspection and FOIA requests
The public portions of the bank-control applications and related filings are available for immediate inspection at the listed Federal Reserve Bank(s) and at the Board of Governors' offices, and may be obtained on an expedited basis by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
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Key Dates
Related Federal Register Documents
2025-21626, Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
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2026-15777, Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Bank Holding Companies
The Board is inviting public comment on proposed amendments to Regulation O, which governs loans by member banks to their insiders and insiders of their affiliates. The proposed amendments would update and modernize the regulation, increase transparency by clarifying requirements and incorporating existing interpretations, and promote efficiency by reducing regulatory burden. The proposed amendments also would incorporate existing statutory requirements that are not currently reflected in the regulation. Moreover, the proposed amendments would update several outdated dollar-based thresholds in Regulation O and index these thresholds going forward. In addition, the proposed amendments would address the application of Regulation O to member banks that lend to companies that are presumed to be controlled by large asset management companies through passive investment funds. Finally, the proposed amendments would revise and reorganize the regulation to streamline the text and make it more accessible.
2026-14373, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is checking their applications. If you have thoughts, you can send comments by August 17, 2026. This affects banks and their owners, and the process helps keep banking safe and fair.
2026-14064, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is reviewing their applications. If you have thoughts, you can send comments by August 12, 2026. This affects banks, their owners, and the public, with no direct costs but important changes in who controls banks.
2026-14060, Inflation Adjustments for Civil Money Penalties
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