Government Support for Bank Holding Companies: Statutory Changes to Limit Future Support Are Not Yet Fully Implemented (Paperback) (ISBN-13: 9781502985866)

Bank holding companies are companies that own or control one or more banks. In the United States, most banks insured by FDIC are owned or controlled by a bank holding company. In addition to bank subsidiaries engaged in traditional banking activities of deposit-taking and lending, many U.S. bank holding companies also own or control nonbank subsidiaries, such as broker-dealers and insurance companies. The Bank Holding Company Act of 1956, as amended, establishes the legal framework under which bank holding companies operate and establishes their supervision, with the Federal Reserve Board having authority over bank holding companies and their banking and non banking interests.

Author: Government Accountability Office
ISBN-10: 1502985861
ISBN-13: 9781502985866
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 10/31/2014
Pages: 108
Format: Paperback
Weight: 0.59lbs
Size: 11.02h x 8.50w x 0.22d