The Federal Reserve Board has issued an interim final rule establishing regulations for savings and loan holding companies, or SLHCs. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, supervisory and rulemaking authority for SLHCs and their nondepository subsidiaries transferred from theOffice of Thrift Supervision, or OTS, to the Board on July 21, 2011. Previously, the Board sought comment on a notice identifying regulations previously issued by the OTS that the Federal Reserve will continue to enforce. The interim final rule implements the transfer of those regulations from the OTS to the Board.
The Board also issued an Order delegating to staff and to the Reserve Banks the authority to take certain actions with respect to SLHCs.
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