FRB Issues Final Rule to Expand Applicability of Small Bank Holding Company Policy Statement

The Board of Governors of the Federal Reserve System ("FRB") issued a final rule to raise the asset threshold and expand the applicability of its Small Bank Holding Company Policy Statement.

The final rule raises the asset threshold of the policy statement from $500 million to $1 billion in total consolidated assets, and widens the applicability of the policy statement to include certain savings and loan holding companies.

The final rule will become effective 30 days after its publication in the Federal Register.

See: FRB Press Release.