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.

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
• 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 Office of Thrift Supervision (OTS) until consolidated capital standards are finalized.

See press release for full details.

Press release 

Contact:
Public Affairs
(212) 720-6130
general.info@ny.frb.org