Federal Reserve Board issues interim final rule expanding the applicability of the Board's small

Federal Reserve Board press release ---------- The Federal Reserve Board on Tuesday issued an interim final rule expanding the applicability of the Board's small bank holding company policy statement, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The policy statement facilitates the transfer of ownership of small community banks by allowing their holding companies to operate with higher levels of debt than would normally be permitted. While holding companies that meet the conditions of the policy statement are excluded from consolidated capital requirements, their depository institutions continue to be subject to minimum capital requirements. To learn more click on the picture below to read the release.