Paula Norris

By Zachary Lundquist FED NOTES: Originally published in the Summer 2016 edition of Bank Owner magazine. Applications or notices filed with the Federal Reserve often require an individual or representative to submit certain Federal Reserve forms specific to the type of filing. When an individual or representative takes time to ensure an FR Form is […]

By Julie Randall FED NOTES: Originally published in the Spring 2016 edition of Bank Owner magazine. Staff of the Federal Reserve Bank of Minneapolis often encounters agreements among the shareholders of a bank holding company and the BHC that govern the disposition of the BHC’s stock. (Similar concerns may arise with savings and loan holding

By Julie Randall  FED NOTES: Originally published in the Winter 2015 edition of Bank Owner magazine. My article in the Summer 2015 issue of Bank Owner discussed some of the permissible nonbanking activities in which bank holding companies can engage, directly or indirectly through a subsidiary, without the Federal Reserve’s prior approval. In this article,

 By Julie Randall FED NOTES: Originally published in the Summer 2015 edition of Bank Owner magazine. Bank holding companies may, for a variety of reasons, add non-banking activities to their operations. The Bank Holding Company Act of 1956, as amended, limits the types of non-banking activities in which BHCs can engage; however, there are some

By Daniel Hanger, Manager Applications/Surveillance, Federal Reserve Bank of Minneapolis FED NOTES: Originally published in the Spring 2015 edition of Bank Owner magazine. The Federal Reserve considers several aspects of transactions when deciding whether to permit them. We must consider the transaction’s impact on competition for banking services in the affected markets in select cases.

By Daniel Hanger, Manager Applications/Surveillance, Federal Reserve Bank of Minneapolis FED NOTES: Originally published in the Winter 2014 edition of Bank Owner magazine. This article identifies some of the common challenges that new filers of notices and applications to the Federal Reserve sometimes face. We also provide tips for managing these challenges.  Following these suggestions

By Leanne Kelly FED NOTES: Originally published in the Autumn 2014 edition of Bank Owner magazine. The 1998 Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure and the June 19, 2014, Addendum to the Policy Statement provide guidance to banks on tax payments made as a member of a consolidated group.

By Julie Randall, Applications Analyst, Federal Reserve Bank of Minneapolis FED NOTES: Originally published in the Summer 2014 edition of Bank Owner magazine. SR letter 14-2/CA letter 14-1, titled “Enhancing Transparency in the Federal Reserve’s Applications Process,” seeks to provide a greater understanding of the applications process and, in particular, the issues that can prevent

By Daniel R. Hanger, Federal Reserve Bank of Minneapolis FED NOTES: Originally published in the Spring 2014 edition of Bank Owner magazine. In July 2013, the federal banking agencies approved revised regulatory capital rules to help ensure that banking organizations of all sizes and risk profiles maintain strong levels of high-quality capital.  In addition to