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Home > News & Events > Press Releases

Press Release
July 12, 2012

Federal Reserve Board issues supervisory
guidance for new optional pre-filing process for
an applicant to request a response on a potential
bank acquisition or other proposal
For immediate release
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The Federal Reserve on Thursday issued supervisory guidance
describing a new optional process for an applicant to request a response
on a potential bank acquisition or other proposal before the submission
of a formal application or notice.
Federal Reserve System staff will review submitted questions about
potential filings, otherwise known as pre-filings, before the submission of
formal filings. Pre-filings may include a variety of information such as
business plans, presentations outlining potential proposals, or other
items about which potential applicants may have questions. This
process is expected to benefit community banking organizations that do
not file applications frequently and also pre-filers with novel proposals.
Pre-filings should be submitted to the appropriate Reserve Bank or
through the System's Electronic Applications System, E-Apps. The
Federal Reserve anticipates that the review of pre-filings will take no
more than 60 days. While most types of pre-filings should take
considerably less than 60 days to review, the evaluation of complex or
novel proposals may require the full 60 days or longer.
For media inquiries, call 202-452-2955.

SR letter 12-12/CA 12-11

Last Update: July 12, 2012

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