GroundRules
12 CFR 238.63: Requirements to engage in financial holding company activities.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER II—FEDERAL RESERVE SYSTEM
- SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
- PART 238—SAVINGS AND LOAN HOLDING COMPANIES (REGULATION LL)
- Subpart G—Financial Holding Company Activities
(a) In general. In order for a savings and loan holding company to engage in financial holding company activities:
(1) The savings and loan holding company and all depository institutions controlled by the savings and loan holding company must be and remain well capitalized;
(2) The savings and loan holding company and all depository institutions controlled by the savings and loan company must be and remain well managed; and
(3) The savings and loan holding company must have made an effective election to be treated as a financial holding company.
Collected 2026-08-27T02:24:16Z. Source file · JSON