The Federal Reserve has supervisory and regulatory authority over a wide range of financial institutions and activities. It works with other federal and state supervisory authorities to ensure the safety and soundness of financial institutions, stability in the financial markets and fair and equitable treatment of consumers in their financial transactions.

Banking Supervision News

Capital Adequacy Guidelines: Treatment of Perpetual Preferred Stock Issued to the U.S. Treasury Under the Emergency Economic Stabilization Act of 2008

The Board is adopting a final rule to allow BHCs that have issued senior perpetual preferred stock to the U.S. Department of the Treasury to include such capital instruments in Tier 1 capital for purposes of the Board's risk-based and leverage capital guidelines. The final rule will become effective on July 1, 2009. (June 29, 2009)

Capital Adequacy Guidelines

The Board announced the adoption of an interim final rule that will allow S-Corp and mutual BHCs to include in Tier 1 capital all subordinated debt issued to Treasury, with certain other restrictions. The interim final rule also will allow small S-Corp and mutual BHCs to exclude subordinated debt issued to Treasury from "debt" for purposes of the Board's Small Bank Holding Company Policy Statement. (June 29, 2009)

Frequently Asked Questions of Identity Theft Rules (June 11, 2009)

List of Distressed or Underserved Non-Metropolitan Middle-Income Geographies (June 8, 2009)

Federal Agencies Propose Rule to Implement S.A.F.E. Act (June 1, 2009)

Final Rules Revise Regulation Z (May 8, 2009)

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