Paula Norris

FED NOTES: Originally published in the Winter 2020 edition of Bank Owner magazine. By Rachel Robison When a BHC considers declaring and paying a dividend that exceeds current period earnings, it should  consult with its Reserve Bank contact, according to the guidance in SR Letter 09-4 (Applying  Supervisory Guidance and Regulations on the Payment of

FED NOTES: Originally published in the Winter 2020 edition of Bank Owner magazine. By Julie Randall  Filing requirements for bank holding companies (BHCs) proposing to acquire nonbanking assets or  directly engage in nonbanking activities can be perplexing. Some nonbanking assets/activities are  permissible and some are not, many are subject to restrictions, and some require a

FED NOTES: Originally published in the Fall 2020 edition of Bank Owner magazine. By Mike Scott A look at merger and acquisition applications during the pandemic  The coronavirus pandemic has had a significant impact on the American economy, which in turn has impacted mergers and acquisitions activity. Although the Federal Reserve System continues to process

By Julie Randall FED NOTES: Originally published in the Winter 2017 edition of Bank Owner magazine. Electronic Applications, or E-Apps, is a free, online system that institutions regulated by the Federal Reserve System can use to submit regulatory filings requiring FRS approval. E-Apps provides a secure, direct transmission of documents that reduces the risk of

By Zachary Lundquist FED NOTES: Originally published in the Autumn 2017 edition of Bank Owner magazine. Applications or notices to acquire control of, merge with or form a holding company over a banking organization require the Federal Reserve to consider the business plan and associated strategic risk of the organization going forward. However, in many

By Leanne Kelly FED NOTES: Originally published in the Summer 2017 edition of Bank Owner magazine. The Reserve Bank of Minneapolis often receives questions regarding Federal Reserve requirements for boards of directors and audit committees at bank holding companies – from the minimum number of board members to independence requirements for the board and audit

By Zachary Lundquist FED NOTES: Originally published in the Spring 2017 edition of Bank Owner magazine. Merger and acquisition activity by banking organizations, both in the Ninth Federal Reserve District and nationwide, has increased significantly since bottoming out in 2009. Prices for transactions, while increasing from lows in 2010, have not returned to pre-crisis levels.

By Steve Mumm FED NOTES: Originally published in the Winter 2016 edition of Bank Owner magazine. We frequently receive questions from bank holding companies about their ability to invest in real estate. Some investments in real estate are permissible for BHCs. However, section 4 of the Bank Holding Company Act limits the types of real

By Leanne R. Kelly FED NOTES: Originally published in the Autumn 2016 edition of Bank Owner magazine. Reserve Bank staff members often are asked if there is a form that a holding company can use when making a request to the Reserve Bank. The holding company may be requesting approval, consultation, or the opinions of