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FEDERAL RESERVE SYSTEM 12 CFR Part 225 Regulation Y; Docket No. R1091 Bank Holding Companies and Change in Bank Control DEPARTMENT OF THE TREASURY Office of the Under Secretary for Domestic Finance
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Regulation Y, also known as the Bank Holding Company Act, is a federal regulation enforced by the Federal Reserve that provides regulatory oversight of bank holding companies. It sets out the requirements and limitations for the formation, acquisition, and activities of these companies.
Bank holding companies are required to file Regulation Y with the Federal Reserve. These companies are any organization that has control over one or more banks. It is important for banks to comply with this regulation to ensure the stability and integrity of the financial system.
The filing process for Regulation Y with the Federal Reserve involves completing and submitting specific forms and documents. These can vary depending on the situation and requirements of the bank holding company. It is recommended to consult with legal and compliance experts to ensure accurate and timely filing.
The purpose of Regulation Y is to promote the safety and soundness of the banking system by regulating the activities and operations of bank holding companies. It aims to prevent excessive concentration of economic power, mitigate risks to financial stability, and protect the interests of consumers and depositors.
Bank holding companies must provide detailed information about their financial condition, organizational structure, subsidiaries, investments, and risk management practices. This includes information on capital adequacy, market risk exposure, loan portfolios, and compliance with various regulations.
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