12 CFR 238.63
§ 238.63 Requirements to engage in financial holding company activities.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 238.63, § 238.63 Requirements to engage in financial holding company activities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45048
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Full text
(a) In general. In order for a savings and loan holding company to engage in financial holding company activities:
(1) The savings and loan holding company and all depository institutions controlled by the savings and loan holding company must be and remain well capitalized;
(2) The savings and loan holding company and all depository institutions controlled by the savings and loan company must be and remain well managed; and
(3) The savings and loan holding company must have made an effective election to be treated as a financial holding company.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.