Section 10(c) of the Home Owners' Loan Act (HOLA), Section 4(k) of the Bank Holding Company Act, and 12 C.F.R. Part 238 Subpart G
Who must file?
Non-grandfathered savings and loan holding companies (see section 10(c)(9)(C) of HOLA) that are currently engaged in or that propose to engage in de novo financial activities, as defined in section 4(k) of the Bank Holding Company Act, must have an effective election to be treated as a financial holding company pursuant to section 238.64 of Regulation LL.
Savings and loan holding companies should consult with Federal Reserve staff before filing an FHC election in order to be treated as an FHC. Refer to the Financial Holding Election section under Domestic Filings for filing requirements.
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