Fed Notice on Supervisory Guidance of Savings and Loan Holding Companies

On April 15, the Fed released a notice outlining its intention to apply certain elements of its consolidated supervisory program to savings and loan holding companies which will fall under the supervisory responsibility of the Fed in July pursuant to the Dodd-Frank Act. The guidelines are currently applied to bank holding companies. In the notice, the Fed indicates that the three elements of the current program that are critical to effective evaluation of the consolidated condition of holding companies are: (i) the consolidated supervision program for large and regional holding companies; (ii) the supervisory program for small, noncomplex holding companies; and (iii) the holding company rating system. Comments must be submitted by May 23. Fed Release. Fed Notice of Intent.