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FRS RIN: 7100-AE30 Publication ID: Fall 2015 
Title: Regulations Q, Y, and LL--Small Bank Holding Company Policy Statement (Docket No: R-1509) 
Abstract:

The Board of Governors of the Federal Reserve System (Board) issued a final rule to expand the applicability of its Small Bank Holding Company Policy Statement and also apply it to certain savings and loan holding companies.  The final rule raises the asset threshold of the policy statement from $500 million to $1 billion in total consolidated assets.  It also expands the application of the policy statement to savings and loan holding companies.  All firms must still meet certain qualitative requirements, including those pertaining to nonbanking activities, off-balance sheet activities, and publicly-registered debt and equity.  The rule finalizes a proposed rule issued by the Board in January 2015, and implements a law passed by the Congress in December 2014.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 217   
Legal Authority: 12 U.S.C. 248(a)    12 U.S.C. 321    12 U.S.C. 322    12 U.S.C. 323    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comments  02/03/2015  80 FR 5694   
Board Adopted Final Rule  04/15/2015  80 FR 20153   
Final Rule Effective  05/15/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Constance Horsley
Deputy Associate Director
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 452-5239