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Advanced Search About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Home > News & Events > Press Releases Press Release April 15, 2011 Federal Reserve seeks comments on outline of how it intends to apply certain parts of its current consolidated supervisory program for bank holding companies to savings and loan holding companies For immediate release Share The Federal Reserve Board is seeking comment on a notice that outlines how it intends to apply certain parts of its current consolidated supervisory program for bank holding companies to savings and loan holding companies (SLHCs) after assuming supervisory responsibility for SLHCs. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, supervisory and rule-writing authority for SLHCs and their non-depository subsidiaries will transfer from the Office of Thrift Supervision (OTS) to the Board on July 21, 2011. The notice identifies three elements of the Board's current supervisory program that are particularly critical to the effective evaluation of the consolidated condition of holding companies: the consolidated supervision program for large and regional holding companies; the supervisory program for small, noncomplex holding companies; and the holding company rating system. The notice discusses the Board's expectation that application of consolidated capital requirements to SLHCs will be addressed in the Basel III rulemaking process. The notice also states that the Board anticipates that it will assess SLHC capital using supervisory methods similar to those currently employed by the OTS until consolidated capital standards are finalized. The Board requests comments on the notice, which will be published soon in the Federal Register, by May 23, 2011. Federal Register notice: HTML | PDF (60 KB) Comments: Submit | View Last Update: April 15, 2011 BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Financial Stability TOOLS AND INFORMATION STAY CONNECTED Contact Publications Freedom of Information (FOIA) Office of Inspector General Budget & Performance | Audit No FEAR Act Español Website Policies | Privacy Program Accessibility BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM 20th Street and Constitution Avenue N.W., Washington, DC 20551
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