---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "chII/subchA/part239"
level: "part"
label: "Part 239"
heading: "Mutual Holding Companies (regulation Mm)"
release: "ecfr-current"
date: "2026-08-27"
url: "https://uscodex.org/cfr/12/chII-subchA-part239"
sections_count: 47
---

# Part 239 — Mutual Holding Companies (regulation Mm)

Title 12 C.F.R. — Banks and Banking › Chapter II — Federal Reserve System › Subchapter A — Board of Governors of the Federal Reserve System

## Contents

- [Subpart A — General Provisions](/cfr/12/chII-subchA-part239-subpartA.md)
- [Subpart B — Mutual Holding Companies](/cfr/12/chII-subchA-part239-subpartB.md)
- [Subpart C — Subsidiary Holding Companies](/cfr/12/chII-subchA-part239-subpartC.md)
- [Subpart D — Indemnification; Employment Contracts](/cfr/12/chII-subchA-part239-subpartD.md)
- [Subpart E — Conversions From Mutual to Stock Form](/cfr/12/chII-subchA-part239-subpartE.md)