# 12 U.S.C. ch. 17 — Bank Holding Companies (Bank Holding Company Act of 1956, §§ 1841–1852) URL: https://consilena.com/coverage/laws/ksrc_8s54zh745emgrkk3 - Jurisdiction: United States - Type: Statute - Identifier: /us/usc/t12/ch17 - Current as of: 9 May 1956 - Provisions: 12 - Official text: https://uscode.house.gov/view.xhtml?path=/prelim@title12/chapter17&edition=prelim > The library is a research copy. Check the official source before relying on a provision: the text published there, not the copy in Consilena, is the law. ## Provisions ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1846. — Reservation of rights to States"] - **Reservation of rights to States"] Reservation of rights to States**: — Reservation of rights to States (a) In general No provision of this chapter shall be construed as preventing any State from exercising such powers and… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1848. — Judicial review"] - **Judicial review"] Judicial review**: — Judicial review Any party aggrieved by an order of the Board under this chapter may obtain a review of such order in the United States Court of Appeals… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (a) Prior approval of Board as necessary; exceptions; disposition, time extension; subsequent approval or disposition… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850. — Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review"] - **Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review"] Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review**: — Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (a) In general (1) Prohibition Unless otherwise… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (a) (1) Except as provided in paragraph (5) of this subsection, “bank holding company” means any company which has control over any bank or over… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1849. — Saving provision"] - **Saving provision"] Saving provision**: — Saving provision (a) General rule Nothing herein contained shall be interpreted or construed as approving any act, action, or conduct which is or has been or… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1847. — Penalties"] - **Penalties"] Penalties**: — Penalties (a) Criminal penalty (1) Whoever knowingly violates any provision of this chapter or, being a company, violates any regulation or order issued by… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (a) Definitions In this section— (1) the term “associated person of a securities holding company” means a person directly or… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (a) Registration of bank holding company Within one hundred and eighty days after May 9, 1956 , or within one hundred and eighty days after… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1852. — Concentration limits on large financial firms"] - **Concentration limits on large financial firms"] Concentration limits on large financial firms**: — Concentration limits on large financial firms (a) Definitions In this section— (1) the term “Council” means the Financial Stability Oversight Council; (2)… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (a) Ownership or control of voting shares of any company not a bank; engagement in activities other than banking Except… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (5) the term “supervised securities holding company” means a securities holding company that is supervised by the Board of… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (1) Study Not later than 6 months after July 21, 2010… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (1) Reports (A) In general The Board, from time to time, may require a bank holding company and any subsidiary of such company to submit… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1852. — Concentration limits on large financial firms"] - **Concentration limits on large financial firms"] Concentration limits on large financial firms**: — Concentration limits on large financial firms (3) the term “liabilities” means— (A) with respect to a United States financial company— (i) the total… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (3) of section 1841(g) of this title , or (ii) in the regular course of securing or collecting a debt previously… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (2)(C) of this subsection, a company may not be held to have had control over any given bank or company at any given time unless that company, at… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (8) of subsection (c) of this section subject to all the conditions specified in such paragraph or in any order or… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1849. — Saving provision"] - **Saving provision"] Saving provision**: — Saving provision (1) In general The Board shall immediately notify the Attorney General of any approval by it pursuant to section 1842 of this title of a… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1847. — Penalties"] - **Penalties"] Penalties**: — Penalties (3) Hearing The company or other person against whom any penalty is assessed under this subsection shall be afforded an agency hearing if such… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1849. — Saving provision"] - **Saving provision"] Saving provision**: — Saving provision of this title might be consummated. The commencement of such an action shall stay the effectiveness of the Board’s approval unless the court… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1847. — Penalties"] - **Penalties"] Penalties**: — Penalties (1) First tier Any company which— (A) maintains procedures reasonably adapted to avoid any inadvertent error and, unintentionally and as a result… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (2) Examinations (A) In general Subject to subtitle B of the Consumer Financial Protection Act of 2010 [ 12 U.S.C. 5511 et seq.], the Board… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (2) Rulemaking (A) In general Unless otherwise… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (3) of subsection (g) of this section. For the purpose of the preceding sentence, bank shares shall not be deemed to have been acquired in a… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets not acquire control of any additional bank as a result of the reorganization.. 1 The Board is authorized upon… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (2) Registration as a supervised securities holding company (A) Registration A securities holding company that elects to be… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1852. — Concentration limits on large financial firms"] - **Concentration limits on large financial firms"] Concentration limits on large financial firms**: — Concentration limits on large financial firms an acquisition— (1) of a bank in default or in danger of default; (2) with respect to which assistance is… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations paragraph shall be construed to authorize any bank holding company referred to in the preceding proviso, or any… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1849. — Saving provision"] - **Saving provision"] Saving provision**: — Saving provision (2) Section 1823(f) cases (A) If— (i) the Federal Deposit Insurance Corporation learns that a bank insured by such Corporation is in danger… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions company in the regular course of securing or collecting a debt previously contracted in good faith, if, in the Board’s judgment, such an… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (1) Notice and hearing requirements Upon receiving from a company any application for approval under this section, the… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (1). (C) Coordination with other regulators The Board shall— (i) provide reasonable notice to, and consult with, the appropriate Federal… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1847. — Penalties"] - **Penalties"] Penalties**: — Penalties (2) submits or publishes any false or misleading report or information, the Board may, in its discretion, assess a penalty of not more than… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (1) Recordkeeping and reporting (A) Recordkeeping and reporting required Each supervised securities holding company and each… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2) above from time to time as to such bank holding company for not more than one year at a time, if, in its judgment… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (1) and adopt rules to carry out this section, as… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (6) For the purposes of this chapter, any successor to a bank holding company shall be deemed to be a bank holding company from the date on which… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1849. — Saving provision"] - **Saving provision"] Saving provision**: — Saving provision (1) for an acquisition to which this paragraph applies, except that such period may not be eliminated or reduced to less than 5 days without… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (2) Use of existing reports (A) In general The Board of Governors shall, to the fullest extent possible, accept reports in… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (3) Capital (A) In general The Board may not, by regulation, guideline, order, or otherwise, prescribe or impose any capital or capital… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets the disapproving authority. The length of any such hearing shall be determined by the Board, but it shall afford all… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2) above, may be extended by the Board of Governors to December 31, 1984 , but only for the divestiture by a bank… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (2) Waiver in case of bank in danger of closing If the Board receives a certification described in section 1823(f)… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration investment company, and the shares owned by the bank holding company have a market value equal to more than $1,000,000. (4) Functional… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (1) In general The Board of Governors shall, by regulation or order, prescribe capital adequacy and other risk management… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (3) Extended transition for illiquid funds (A)… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations the same family, or their spouses, who are lineal descendants of common ancestors; and such prohibitions shall not… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (2), the term “bank” means any of the following: (A) An insured bank as defined in section 3(h) of the Federal Deposit Insurance Act [ 12 U.S.C… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1849. — Saving provision"] - **Saving provision"] Saving provision**: — Saving provision laws” defined For the purposes of this section, the term “antitrust laws” means the Act of July 2, 1890 (the Sherman Antitrust Act), the Act… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2) shares acquired by a bank holding company or any of its subsidiaries in satisfaction of a debt previously… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (4) Notice A capital requirement imposed under this subsection may not take effect earlier than 180 days after the date on which… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (5) Definition For purposes of this subsection, the term “functionally regulated subsidiary” means any company— (A) that is not a bank holding… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (3) Supervisory factors The Board shall disapprove any application under this section by any company if— (A) the company… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (1) solely because such bank has an insured or uninsured branch in the United States. (B) An insured institution (as defined in subsection (j))… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (1) In general Notwithstanding the restrictions under… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (e) Termination of activities or ownership or control of nonbank subsidiaries constituting serious risk ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (2) shall include consideration of the competence, experience, and integrity of the officers, directors, and principal… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1850a. — Securities holding companies"] - **Securities holding companies"] Securities holding companies**: — Securities holding companies (2) Bank Holding Company Act of 1956 Except as the Board of Governors may otherwise provide by regulation or order, a supervised… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (4) shares held or acquired by a bank in good faith in a fiduciary capacity, except where such shares are held under a… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (4) in connection with underwriting or… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (1)(A)(iv) ]). (F) An institution, including an institution that accepts collateral for extensions of credit by holding deposits under $100,000… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (1) Notwithstanding any other provision of this chapter, the Board may, whenever it has reasonable cause to believe that the continuation by a… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (1) Approvals authorized (A) Acquisition of banks The Board may approve an application under this section by a bank… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions it was not lawfully engaged as of March 5, 1987 , except that this subparagraph shall cease to apply to any institution which permits any… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (4) by a regulated insurance company directly engaged… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (9) shares held or activities conducted by any company organized under the laws of a foreign country the greater part… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets subsection shall be construed as affecting the applicability of a State law that makes an acquisition of a bank… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (3) any company with respect to the management of policies of which such bank holding company has the power, directly or indirectly, to exercise… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds are customers of such services of the banking entity… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2) of this section (i) ceases to be a bank holding company, or (ii) ceases to retain direct or indirect ownership or… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration as the Board may direct) the ownership or control of any such bank by such company. The distribution referred to in subparagraph (A) shall be… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (2) of subparagraph (f); (v) the banking entity does… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (2), the application of this chapter and of section 371c of this title shall not be affected by the fact that a transaction takes place wholly or… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (1)(A) if— (i) immediately before the consummation of the acquisition for which such application is filed, the applicant… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (14) shares of any company which is an export trading company whose acquisition (including each acquisition of shares)… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds interest in the hedge fund or private equity fund… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (2) company may extend credit to a domestic office or subsidiary of such section 2(h) (2) company on terms more favorable than those afforded… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration in any territory in which such proceeding is being conducted or where the witness resides or carries on business, for the enforcement of any… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (1)(A) without regard to the applicability of subparagraph (B) with respect to any State if— (i) there is a limitation… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations subsidiary of such company which invests in an export trading company may extend credit to such export trading company… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1842. — Acquisition of bank shares or assets"] - **Acquisition of bank shares or assets"] Acquisition of bank shares or assets**: — Acquisition of bank shares or assets (1)(A) which involves— (A) an acquisition of 1 or more banks in default or in danger of default; or (B) an acquisition… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (1) In general Notwithstanding any other provision of law, any regulation, order, or other action of the Board that requires a bank holding… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (13) of section 1843(c) of this title solely outside… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (3) any savings bank or cooperative bank which is deemed by the appropriate Federal banking agency to be a savings association under section… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations ), which is a subsidiary of a bank holding company, or an agreement corporation, operating subject to section 25 of the… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (2) Notice to State insurance authority or SEC required If the Board requires a bank holding company, or an affiliate of a bank holding… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (1) Capital terms.— (A) Insured depository institutions .— With respect to insured depository institutions, the terms “well capitalized”… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (2)); (iii) would pose a threat to the safety and… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (4) Home state .— The term “home State” means— (A) with respect to a national bank, the State in which the main office of the bank is located… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1844. — Administration"] - **Administration"] Administration**: — Administration (5) Rule of construction No provision of this subsection may be construed as limiting or otherwise affecting, except to the extent… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (4) De minimis investment (A) In general A banking… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations and taking title to goods, when provided in order to facilitate the export of goods or services produced in the United… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (8) Lead insured depository institutions.— (A) In general .— The term “lead insured depository institution” means the largest insured depository… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (3), the aggregate amount of the outstanding… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions (10) Qualified family partnership .— The term “qualified family partnership” means a general or limited partnership that the Board determines—… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations would not be substantially at variance with the purposes of this chapter and subject to such conditions as it considers… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1841. — Definitions"] - **Definitions"] Definitions**: — Definitions holding company that meets the requirements of section 1843( l ) (1) of this title. (q) Insurance Company .— For purposes of sections 1843 and… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (1)(G), and no affiliate of such entity, may enter… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2) of subsection (a). Any bank holding company subject to such five-year limitation on the retention of nonbanking… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (1)(G) with regard to a hedge fund or private equity… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2) of this title are permitted to engage; except that the aggregate amount of shares held under this clause (other… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (1) Banking entity The term “banking entity” means… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2), such exemption shall cease to apply to such company and such company shall divest control of each bank it controls… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (4) Proprietary trading The term “proprietary… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (1) shall, within 60 days after August 10, 1987 , provide the Board with the name and address of such company, the name… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1851. — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] - **Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds"] Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds**: — Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds (4) principally for the purpose of selling in the… ### ["Title 12 — BANKS AND BANKING", "CHAPTER 17 — BANK HOLDING COMPANIES", "§ 1843. — Interests in nonbanking organizations"] - **Interests in nonbanking organizations"] Interests in nonbanking organizations**: — Interests in nonbanking organizations (2)(A) shall not be excluded for purposes of clause (ii) of such paragraph if— (A) all shares held under such clause… --- Consilena is a software provider, not a law firm. AI output is not legal advice: consult a licensed lawyer in the relevant jurisdiction. Page: https://consilena.com/coverage/laws/ksrc_8s54zh745emgrkk3. Index of every page: https://consilena.com/llms.txt.