What is the Bank Holding Company Supervision Act?

The Bank Holding Company Supervision Act (BHCSA) is a federal law that governs the activities of bank holding companies (BHCs) in the United States. The BHCSA was enacted in 1956 and is administered by the Federal Reserve Board. Under the BHCSA, BHCs are subject to certain restrictions, such as not owning, controlling, or operating any non-banking business. Additionally, BHCs are subject to capital requirements, limitations on mergers, and other regulations. BHCs are required to submit periodic reports of their activities to the Federal Reserve Board in order to remain in good standing. BHCs must also comply with any capital limitations and restrictions on mergers. The purpose of the BHCSA is to limit the risks of bank holding companies and protect the interests of their customers. In Washington, the BHCSA is enforced by the Washington State Department of Financial Institutions. The Department is responsible for examining and approve bank holding companies and their activities, as well as providing guidance on bank holding company regulations. The Department also works with the Federal Reserve Board and other regulatory agencies to ensure that BHCs in Washington comply with the BHCSA.

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What is the Bank Holding Company Supervision Act?

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