Jackie Hilgert

FED NOTES: Originally published in the Summer 2019 edition of Bank Owner magazine. By Ryan Bahr The Payment Analysis and Screening System, or PASS, is a tool developed by the Federal Reserve Bank of Minneapolis to analyze payment data in order to risk-focus supervisory activities. The tool tracks payment activity of depository institutions (DI) using

FED NOTES: Originally published in the Spring 2019 edition of Bank Owner magazine. By Mike Scott The Federal Reserve System considers several factors, including requirements of the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement, in determining whether to approve applications filed by an existing or proposed small holding company. As

FED NOTES: Originally published in the Winter 2018 edition of Bank Owner magazine. By Leanne Kelly The Bank Holding Company Act, originally enacted in 1956, provides a framework for the supervision and regulation of all domestic and foreign companies that control a bank and the subsidiaries of such companies. Supervision and regulation of these entities

FED NOTES: Originally published in the Autumn 2018 edition of Bank Owner magazine. By Linda Anderson Under the Change in Bank Control Act, prior approval from the Federal Reserve is required when a person, alone or acting together with others, acquires “control” of a bank holding company, savings and loan holding company, or state member