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  • Fr 2081a 2018

Get Fr 2081a 2018-2025

Of the Comptroller of the Currency OMB Number 1557-0014 Approval expires February 28, 2021 Page 1 of 11 Board of Governors of the Federal Reserve System Interagency Notice of Change in Control—FR 2081a An organization or a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. General Information and Instructions Preparation and Use This form is used to file notice to acquire control of a depository institution or a holding .

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AN ACT To define bank holding companies, control their future expansion, and require divestment of their nonbanking interests. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the ''Bank Holding Company Act of 1956''.

Section 18(c) of the Federal Deposit Insurance (FDI) Act, also referred to as the Bank Merger Act (BMA), requires the prior written approval of the FDIC before any insured depository institution (IDI) may merge or consolidate with, purchase or otherwise acquire the assets of, or assume any deposit liabilities of, ...

The 1913 Federal Reserve Act is legislation in the United States that created the Federal Reserve System. 1 Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy.

The Bank Holding Company Act of 1956 (BHC Act) was enacted to limit the expansion of bank- ing institutions into nonbanking activities.

The main thrust of the act was that it gave the Federal Reserve broader regulatory powers over bank holding companies. They now had to register with the Board and submit to supervision. Most importantly, any bank holding company wishing to expand had to apply to the Board to do so.

Democratic Congressman Carter Glass and Senator Robert L. Owen crafted a compromise plan in which private banks would control twelve regional Federal Reserve Banks, but a controlling interest in the system was placed in a central board filled with presidential appointees.

What led to the creation of the Federal Reserve? A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act. The Federal Reserve System was initially created to address these banking panics.

The Change in Bank Control Act of 1978 (CBC Act), Section 7(j) of the Federal Deposit Insurance Act (FDI Act), and Subpart E of Part 303 of the FDIC Rules and Regulations (Sections 303.80 – 303.88) generally prohibit any person, acting directly or indirectly or in concert with other persons, from acquiring control of a ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232