The Federal Reserve Board today issued an interim final rule implementing a provision in S. 2155 that raises the asset threshold for relief under the Fed’s small bank holding company policy statement from $1 billion to $3 billion. It also applies to savings and loan holding companies with less than $3 billion in total consolidated assets.
ABA has long advocated raising the threshold for the policy statement, which facilitates the ability of community banks to issue debt and raise capital by exempting them from certain capital requirements. The rule takes effect upon publication in the Federal Register, and the agencies will welcome comments for 30 days after publication.
