{"data":{"id":"us/12-cfr-238.63","jurisdiction":"us","citation":"12 CFR 238.63","heading":"Requirements to engage in financial holding company activities.","body":"(a) In general. In order for a savings and loan holding company to engage in financial holding company activities:\n(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;\n(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\n(3) The savings and loan holding company must have made an effective election to be treated as a financial holding company.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"e1ff8e3e2312815c1d73bf672e4a41bf8d7d2211d4a68b3ae38de24716de904a","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-238.62","next":"us/12-cfr-238.64"},"notice":"GroundRules: Original legal text. Not legal advice."}