Savings & Loan Holding Co's to Comment on New Regs

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Dodd Frank Wall Street Reform Act transfer regulation of Savings & Loan (Thrift) Holding Companies from the Office of Thrift Supervision ("OTS") to the Federal Reserve Board, beginning July 21, 2011. This Federal Register Notice seeks public comment on the Federal Reserve's intent to apply some Bank Holding Company regulations to the Thrift Holding Companies.

More specifically, the Federal Reserve is seeking comments on:

1) Consolidated Supervision for BHCs and THCs

2) Limiting Exams for Small, Noncomplex Holding Companies

3) Standardizing the Holding Company Rating System

4) Reconciling Differences in Assessing for Capital Adequacy

Comments are due no later than May 23, 2011.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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