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FRS RIN: 7100-AD64 Publication ID: Spring 2011 
Title: ●Regulation Y--Definitions of "Predominately Engaged in Financial Activities" and "Significant" Nonbank Financial Company and Bank Holding Company (Docket No. R-1405) 
Abstract: The Board is publishing for comment proposed amendments to Regulation Y that: (1) Establish the criteria for determining whether a company is "predominantly engaged in financial activities" and (2) define the terms "significant nonbank financial company" and "significant bank holding company" for purposes of title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act or Act). These terms are relevant to various provisions of title I of the Dodd-Frank Act, including section 113 (12 U.S.C. 5323), which authorizes the Financial Stability Oversight Council (Council) to designate a nonbank financial company for supervision by the Board if the Council determines that the company could pose a threat to the financial stability of the United States. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 225   
Legal Authority: 12 USC 5322   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  02/11/2011  76 FR 7731   
Board Expects Further Action  06/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Kieran Fallon
Associate General Counsel
Federal Reserve System
Legal Division,
Phone:202 452-5270