Paula Norris

By Michelle Weatherson and Paul Ljung, Federal Reserve Bank of Minneapolis, and Kathy Mai-Vu, Federal Reserve Bank of San Francisco FED NOTES: Originally published in the Winter 2013 edition of Bank Owner magazine. This article offers a glimpse into some of the analysis being performed on the FR Y-9SP, Parent Only Financial Statements for Small […]

By Stephanie Weber FED NOTES: Originally published in the Autumn 2013 edition of Bank Owner magazine. Federal Reserve Bank of Minneapolis staff frequently receives questions regarding factors we consider when analyzing a holding company’s request to make a capital distribution, including paying a dividend (including subchapter S distributions), redeeming stock (including Trust Preferred Securities or

By Leanne R. Kelly FED NOTES: Originally published in the Summer 2013 edition of Bank Owner magazine. The Federal Reserve expects a bank holding company to act as a source of strength to its insured depository institutions.  To act as a source of strength, holding companies must ensure that transactions between the depository institutions and

By Steve Mumm FED NOTES: Originally published in the Spring 2013 edition of Bank Owner magazine. Federal Reserve Bank of Minneapolis applications staff frequently receive questions on what triggers the need for an existing or proposed shareholder to file a notice of change in control with the Federal Reserve System.  This article discusses the circumstances

By Dan Hanger FED NOTES: Originally published in the Winter 2012 edition of Bank Owner magazine. One of the primary reasons for having a bank holding company over a family owned institution is to assist ownership with estate planning.  Often the mechanisms used for intergenerational ownership transfers require applications or notices to be filed with

By Dan Hanger FED NOTES: Originally published in the Autumn 2012 edition of Bank Owner magazine. Trust preferred securities were issued by a large number of bank holding companies, especially during the period from 2000 through 2007. This article summarizes a number of key issues related to these securities. I will briefly discuss their changing

Dodd-Frank puts new emphasis on long-standing doctrine By John Yanish FED NOTES: Originally published in the Summer 2012 edition of Bank Owner magazine. In response to the recent financial crisis, Congress passed the Dodd Frank Act (DFA), a wide ranging body of law designed to address a myriad of issues. While many matters addressed in

By Matthew D. Diette FED NOTES: Originally published in the Spring 2012 edition of Bank Owner magazine. On July 21, 2011, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Federal Reserve assumed responsibility for the supervision of more than 400 savings and loan holding companies (SLHCs). There are 24