The Bank's Supervision and Regulation Department is responsible for processing various types of applications received from bank holding companies (BHC), savings and loan holding companies (SLHC) and state member banks. Examples of transactions by BHCs/SLHCs that require prior Federal Reserve System approval are:
Examples of state member bank transactions that require Federal Reserve System approval are:
Material changes in ownership for BHCs, SLHCs, financial holding companies and state member banks also may require prior approval of the Federal Reserve System. Most applications can be approved by a financial institution's Federal Reserve bank; however, applications that present significant issues or raise policy questions may require review and action by the Board of Governors in Washington, D.C.