Federal Reserve (FED) · Federal Reserve
For release at 10:00 a.m
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★ Tier-1 Source
The Federal Reserve Board on Friday requested comment on a proposal to modernize its rule governing the extension of credit to bank "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisions.
Key facts
- For media inquiries, please email [email protected] or call 202-452-2955
- Comments on the proposal are due 60 days after publication in the Federal Register
- Federal Register notice: Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Bank Holding Companies
- Regulation O has not been comprehensively updated since 1979
Summary
For release at 10:00 a.m. The proposal updates dollar-based thresholds and indexes them to economic growth going forward. "Today's proposal modernizes Regulation O by updating outdated dollar-based thresholds and ensuring their future relevance, while preserving necessary safeguards," said Vice Chair for Supervision Michelle W. Comments on the proposal are due 60 days after publication in the Federal Register.