Financial Holding Company

A BHC seeking to become a Financial Holding Company (FHC).

Section 225.82 of Regulation Y 

None required

A letter that includes:

1. the BHC’s election to become a FHC;

2. name/address of the BHC and each depository institution (DI) controlled by the BHC;

3. certification that all DI’s controlled by the BHC are well capitalized as of the date the BHC files its election;

4. capital ratios for all relevant capital measures as of the close of the previous quarter for each DI controlled by the BHC on the date it files its election; and

5. certification that all DI’s controlled by the BHC are well managed as of the date the company files its election.
  

30 days after the notice is received by the Federal Reserve unless applicant is otherwise notified