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Sunday, July 26, 2020 | History

2 edition of Amendments to the Bank Holding Company Act of 1956 found in the catalog.

Amendments to the Bank Holding Company Act of 1956

United States. Congress. Senate. Committee on Banking and Currency

Amendments to the Bank Holding Company Act of 1956

analyses of S. 2353, S. 2418 and H.R. 7371 and comparative print showing changes in existing law

by United States. Congress. Senate. Committee on Banking and Currency

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Published by U.S. G.P.O. in Washington .
Written in

    Subjects:
  • Bank holding companies

  • Edition Notes

    At head of title : 89th Congress, 1st session. Committee print

    ContributionsUnited States.
    The Physical Object
    Paginationiii, 70 p.
    Number of Pages70
    ID Numbers
    Open LibraryOL15232874M
    LC Control Number66060370

    Amendments to the Bank Holding Company Act of 1. Extended the BHC Act of to one-bank holding companies. 2. Restricted permissible BHC activities to those "closely related to banking." International Banking Act. 1. Regulated foreign bank branches and agencies in the United States. 2. Subjected foreign banks to the McFadden. Endnotes. 1. Prior to the Riegle-Neal Act, the Douglas Amendment (12 U.S.C. §(d)) to the Bank Holding Company Act of prohibited the interstate acquisition of a bank by a bank holding company unless specifically authorized by the laws of the state where the bank was located.

    H.R. ( th): To amend the Bank Holding Company Act of to require the Board of Governors of the Federal Reserve System to take prompt corrective action to resolve problems of bank holding companies. Bangladesh Bank Order, (P.O. No. of ) Bank Company Act, ; Bank Company (amendment) Act, ; The Negotiable Instruments Act, ; The Bankers’ Book Evidence Act, ; Foreign Exchange Regulations (Amendement) Act, ; Foreign Exchange Regulations Act, ; Financial Institutions Act, ; Financial Reporting Act,

    The Bank Holding Company Act of (12 U.S.C. § , et seq.) is a United States Act of Congress that regulates the actions of bank holding companies.. The original law (subsequently amended), specified that the Federal Reserve Board of Governors must approve the establishment of a bank holding company and that bank holding companies headquartered in one state are banned from . Sec. Elimination of application requirement for financial holding companies. Sec. Preserving the integrity of FDIC resources. Sec. Repeal of savings bank provisions in the Bank Holding Company Act of Sec. Technical amendment. Subtitle C—Subsidiaries of National Banks Sec. Subsidiaries of national banks. Sec.


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Amendments to the Bank Holding Company Act of 1956 by United States. Congress. Senate. Committee on Banking and Currency Download PDF EPUB FB2

The Bank Holding Company Act of (12 U.S.C. §et seq.) is a United States Act of Congress that regulates the actions of bank holding companies. The original law (subsequently amended), specified that the Federal Reserve Board of Governors must approve the establishment of a bank holding company and that bank holding companies headquartered in one state are banned from Enacted by: the 84th United States Congress.

Get this from a library. Amendments to the Bank Holding Company Act of Lists of Bank Holding Companies and of Organizations that would Apparently be Covered by the Amendments to the Bank Holding Company Act Incorporated in S.

[United States. Congress. Senate. Committee on Banking and Currency.]. Get this from a library. Amendments to the Bank Holding Company Act of lists of bank holding companies and of organizations that would apparently be covered by the amendments to the Bank holding company act incorporated in S.Committee on Banking and Currency, United States Senate, February [United States.

Congress. Senate. Bank Holding Company Act ofas amended (BHC Act) Related Content The federal statute regulating the acquisition, ownership and control of banks by companies (12 U.S.C.

§§ ). Bank Holding Company Act of Bank Holding Company Act of 12 U.S.C. § US Code – Section Definitions. This description of the this Act tracks the language of the U.S. Code, except that, sometimes, we use plain English and that we may refer to the “Act” (meaning this Act) rather than to the “subchapter” or the “title” of the United States Code.

Bank Holding Company Act ofalso known as An Act to Define Bank Holding Companies, Control Their Future Expansion, and Require Divestment of Their Nonbanking Interests; Public Law84th Congress, H.R.

by United States. Congress. A multibank holding company owns or controls two or more banks, and these are governed by the Bank Holding Company Act of and its amendments.

AN ACT To amend the Bank Holding Company ofand for other purposes. 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 Amendments of ".

“Company covered in ” means a company which becomes a bank holding company as a result of the enactment of the Bank Holding Company Act Amendments of and which would have been a bank holding company on Jif those amendments had been enacted on that date.

Sato, Sadayuki, "The Amendment of Bank Holding Company Act of ," Economic Review, Hitotsubashi University, vol. 23(1), pages Under section 20 of the Glass-Steagall Act (12 U.S.C. ) and section 4(c)(8) of the Bank Holding Company Act (12 U.S.C.

(c)(8)), a nonbank subsidiary of a bank holding company may to a limited extent underwrite and deal in securities for which underwriting and dealing by a member bank is prohibited. Pursuant to the Securities Act of Bank Holding Company Act ofas amended (BHC Act) USA The federal statute regulating the acquisition, ownership and control of banks by companies.

The BHC Act consists of three primary sections: • Section 2 defines the BHC Act s operative. BANK HOLDING COMPANY ACT SEC. (k) ENGAGING IN ACTIVITIES THAT ARE FINANCIAL IN NATURE (1) IN GENERALNotwithstanding subsection (a), a financial holding company may engage in any activity, and may acquire and retain the shares of any company.

Section was enacted as part of the Bank Holding Company Act Amendments ofand not as part of the Bank Holding Company Act of which comprises this chapter. Amendments — Pub. – struck out “, to engage directly or indirectly in a nonbanking activity pursuant to section of this title,” after “ section of.

The Staff of the SEC Division of Trading and Markets, Investment Management, and Corporate Finance provided updated guidance on J in response to frequently asked questions (“FAQs”) regarding the SEC’s final rule implementing section 13 of the Bank Holding Company Act ofcommonly referred to as the “Volcker Rule.”.

PL – Bank Holding Company Act of PL – Bank Holding Company Act amendments, PL – Bank Holding Company Act amendments, PL – Bank Holding Company Act Amendments of PL – Bank Merger Act, PL – Bank Merger amendments,   An Act to Amend the Bank Holding Company Act ofPub.80 Stat.

(July 1, ). 17 An Act to Amend the Bank Holding Company Act ofPub.84 Stat.(Decem ). HOLA, originally enacted incontains substantially similar language for its definition of control. (3) Nothing in this Act shall affect the Table in any repealed written law corresponding to Table A in the Fourth Schedule in force immediately before the date of commencement of section of the Companies (Amendment) Act or any part thereof (either as originally enacted or as altered in pursuance of any statutory power) or the corresponding Table in any former written law relating to.

Bank Holding Company Act Amendments ofalso known as An Act to Amend the Bank Holding Company Act ofand for Other Purposes; Public Law91st Congress, H.R.

by United States. Congress. T HE Bank Holding Company Act of ,1 designed principally to regulate the expansion of bank holding companies and to insure the separation of banking and nonbanking enterprises,' is perhaps the most important banking legislation of the past two decades. The im- mediate economic consequences of the act are themselves deserving of.

Background: Annual reports have been collected in some form since the implementation of the Bank Holding Company Act of Inthe report was revised to eliminate certain information no longer required and to redefine the types of financial and structural information for regulatory purposes.

Banks and bank holding companies, as such term is defined in the Bank Holding Company Act ofwill have a Section 12(g) registration obligation as of any fiscal year-end after April 5, with respect to a class of equity security held of record by 2, or more persons.HE Bank Holding Company Act of (BHCA)I "regulates.

the acquisition of state and national banks by bank holding companies." 2. The BHCA also regulates the nonbanking activities. I. Bank Holding Company Act ofch.70 Stat.

(codified as amended at 12 U.S.C. §§ ()) [hereinafter BHCA]. 2.