Supervision & Regulation
Filing an Application
Advance Name Checks: For filings that require FR2081C (Interagency Biographical and Financial Report), these forms may be submitted in advance in order to expedite processing.
Electronic Filings: E-Apps is a web-based application that will allow banking organizations supervised by the Federal Reserve System to submit applications online, either directly or through their authorized representatives. For filings that are submitted via E-Apps, a hard-copy submission is not required. Instructions for accessing E-Apps can be found on the Board of Governors' website.
Fee: The Federal Reserve does not charge a fee to process applications.
Filings Types (Forms to Use, Guiding Regulation, Publication Information, Number of Copies to Submit)
Well-Capitalized, Definition of: Certain application procedures require that the applicant and/or its subsidiaries be well-capitalized. As of January 1, 2015, the statutory requirements under Section 131 of FDICIA for a well-capitalized institution are:
- Minimum common equity tier 1 capital ratio of 6.5 percent,
- Minimum total risk-based capital ratio of 10 percent,
- Minimum tier 1 risk-based capital ratio of 8 percent,
- Minimum tier 1 leverage ratio of 5 percent, and
- Must be under no capital directive.
See Regulation Q for additional details.