Fed Fixes Typo in Bank Newspaper Ad Rules
Published Date: 3/20/2026
Rule
Summary
The Federal Reserve fixed some small but important errors in its rules about where banks must post newspaper notices when applying for certain approvals. These changes affect banks filing under two specific laws and take effect immediately on March 20, 2026. No new costs or deadlines are added—just clearer instructions to keep things running smoothly.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Clarifies Newspaper Notice Rule for BHC Act
The Federal Reserve corrected wording in 12 CFR 262.3(b)(1)(ii)(E) to replace the word "or" with "of" for newspaper notice publication requirements related to applications under section 3 of the Bank Holding Company Act. The change takes effect March 20, 2026, and does not add any new costs or deadlines—it only clarifies where applicants must publish notices.
Clarifies Newspaper Notice Rule for HOLA Applications
The Federal Reserve corrected wording in 12 CFR 262.3(b)(1)(ii)(F) to replace the word "or" with "of" for newspaper notice publication requirements related to applications under section 10 of the Home Owners' Loan Act. The correction is effective March 20, 2026, and explicitly does not impose new costs or deadlines—it only makes the publication instructions consistent and less ambiguous.
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Key Dates
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