# 2025-15594: Fed Reviews New Edge Bank: International Finance Gets a Green Light?

2025-15594, Corporation To Do Business Under Section 25A of the Federal Reserve Act, is a Federal Register notice from Federal Reserve System published 2025-08-15, effective Comments regarding the application must be received not later than September 2, 2025. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-15594
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-15594
- Title: Corporation To Do Business Under Section 25A of the Federal Reserve Act
- Type: Notice
- Agencies: Federal Reserve System
- Citation: 90 FR 39392
- Published: 2025-08-15
- Effective: Comments regarding the application must be received not later than September 2, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Fed Reviews New Edge Bank: International Finance Gets a Green Light?

## Summary

Shermen Holdings, Inc. wants to start a new Edge Corporation called Shermen Bank International in Washington, DC. The Federal Reserve is reviewing this and asking the public to share their thoughts by September 2, 2025. This move could open new doors for Shermen Holdings to do business across borders under special rules.

## Effects PRIA read

No economic effects identified for this document.

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## Sources
- [2025-15594 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/15/2025-15594/corporation-to-do-business-under-section-25a-of-the-federal-reserve-act)
- [2025-15594 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-15/pdf/2025-15594.pdf)

## Related
- [Previous: 2025-15593, Formations of, Acquisitions by, and Mergers of Bank Holding Companies](https://policyrisk.com/federal-register/2025-15593)
- [Next: 2025-15595, Fees for Cruise Ship Operational Sanitation, Construction, and Renovation Inspe…](https://policyrisk.com/federal-register/2025-15595)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-15594 (as of 2026-06-08).