Issuing and Redeeming Trust Preferred Securities

Large Bank Holding Companies

• Large bank holding companies (assets greater than $500 million) should consult Regulation Y, Appendix A before issuing or redeeming trust preferred securities (“TPS”).
  A banking organization that wishes to issue TPS and include them in tier 1 capital, or wishes to redeem TPS, must first consult with the Federal Reserve.

How To Submit Proposals

• Please submit proposals to issue TPS in writing to: 
  
  Nancy Fitzgerald
  Supervision and Risk Management
  Federal Reserve Bank of Kansas City
  1 Memorial Drive
  Kansas City, Missouri 64198. 
   

• If you have questions regarding the capital treatment of TPS, contact Nancy at 800-333-1010, extension 16847, or 816-881-6847.
   

• If your redemption does not include issuance of new TPS, please direct your redemption request to the Examination & Inspections Department at your Federal Reserve office:
  
  Denver  (800) 333-1020, (303) 572-2300

  Kansas City (800) 333-1010, (816) 881-2000

  Oklahoma City (800) 333-1030, (405) 270-8400

  Omaha (800) 333-1040, (402) 221-5500