§239.11. Subsidiary holding companies. — Inbound Citations
12 C.F.R. § 239.11
Statutory Authority
Cited by 2 regulations in release Current.
Citations to 12 U.S.C. § 239.11 as a whole
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(ii) To act on applications to establish a subsidiary holding company of a mutual holding company filed pursuant to section 10(o) of the Home Owners' Loan Act (12 U.S.C. 1467a(o)) and § 239.11 of Regulation MM (12 CFR 239.11), if no significant legal, policy, or supervisory issues are raised by the proposal.
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(i) To approve the establishment of a mutual holding company or a subsidiary holding company of a mutual holding company pursuant to section 10(o) of the Home Owners' Loan Act (12 U.S.C. 1467a(o)) and §§ 239.3 and 239.11 of Regulation MM (12 CFR 239.3 and 239.11), including issuing a charter, if the following conditions are met:(A) The appropriate Reserve Bank and relevant divisions of the Board recommend approval; and