Frb bank holding company supervision manual july 2009

 · The Federal Reserve Board of Governors in Washington DC. Bank Holding Company Supervision Manual. Last update: November Provides guidance for conducting inspections of bank holding companies and their nonbank subsidiaries. BHC or bank and discusses the Federal Reserve’s responsibility This revised section on bank liquidity incorporates the July 25, Bank Holding Company Supervision Manual Supplement 25— December BHC Supervision Manual December Page 4.  · The July update to the Bank Holding Company Supervision Manual, has been published (supplement no. 36). The manual comprises the Federal Reserve System's regulatory, supervisory and inspection guidance for bank holding companies (BHCs).

The Bank Holding Company Act of ("BHC Act") requires Federal Reserve approval for a company to acquire a bank (and thereby become a BHC) and requires BHCs to obtain prior Federal Reserve approval to acquire an interest in additional banks and certain non-bank companies. A key focus for the new owners was rebuilding their local community that had for a decade been increasingly torn by crime and poverty. The bank converted to a state charter in , and subsequently expanded operations into Michigan and Ohio. ShoreBank was wholly owned by SBC, a bank holding company located in Chicago, Illinois. In , the Board of Governors of the Federal Reserve System ("Board"), the Federal Deposit Insurance Corporation On December 1, , the eight federal agencies jointly as determined by section 4(k) of the Bank Holding Company Act of Financial institutions can include banks.

Bank Holding Company Supervision Manual. This general table of contents lists the major section heads for each part of the manual: About this Manual, Supervisory Process Supervisory Policy and Issues Nonbanking Activities Financial Analysis BHC Inspection Program. Sections Title. ABOUT THIS MANUAL, SUPERVISORY PROCESS. Bank Holding Company Supervision Manual January Update The January update to the Bank Holding Company Supervision Manual has been published (supplement no. 35).). The manual comprises the Federal Reserve System s regulatory, supervisory, and inspection guidance for bank holding companies (BH. The Federal Reserve also reviews filings by individuals and companies that seek to acquire ownership in a bank holding company or state member bank under the Change in Bank Control Act. Merger applications and membership applications are reviewed by the Federal Reserve when the resulting institution would be a state member bank.