Fed Web Site Provides Application
Guidance for Banks
U.S. and foreign banking organizations submitting applications to the Federal Reserve may now use an online guide that was recently added to the Board of Governors public Web site.
The new Web page describes the regulatory requirements and processing procedures for applications, notifications and requests necessary for a broad range of activities, including mergers of banking organizations.
The site describes specific types of applications as well as the statutory factors the Federal Reserve considers in evaluating applications, including the banking organizations record of compliance with the Community Reinvestment Act. The site provides links to application forms and lists contacts at each Reserve Bank for questions about submitting applications or public comments on applications.
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