On April 9, 2015, the Board of Governors of the Federal Reserve System (the “FRB”) announced that it is amending rules related to regulatory capital requirements for bank holding companies and thrift holding companies. For bank holding companies the rule amendments raise the asset size at which a bank holding company must meet regulatory capital requirements from $500 million to $1 billion. The amendments also exempt thrift holding companies from regulatory capital requirements if they have less than $1 billion in assets. The FRB also adopted changes that enable qualifying small bank holding companies and savings and loan holding companies to take advantage of the streamlined informational notice and other regulatory requirements. The changes will be effective 30 days after publication in the Federal Register. Subsidiary depository institutions continue to be subject to minimum capital requirements.

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