District Circular Letters

August 24, 2000

BANKING SUPERVISION AND REGULATION:
FINANCIAL HOLDING COMPANY GUIDANCE

To Bank Holding Companies,
Financial Holding Companies,
and Others Concerned
in the Twelfth Federal Reserve District

Framework for Financial Holding Company Supervision (SR 00-13)

The Federal Reserve Board has issued a guidance that outlines the purpose and scope of its supervision of financial holding companies authorized to engage in a diversified range of financial and nonfinancial activities.

The Federal Reserve is responsible for determining that financial holding companies, on a consolidated basis, are operated in a manner that does not threaten the viability of their depository institution subsidiaries. The guidance focuses on the Gramm-Leach-Bliley Act's provisions for working with the functional regulators of the companies' securities, insurance, and commodities subsidiaries.

Copies

Copies of the Board's notice (SR 00-13) are available from our Corporate Services Department. To request copies to be sent by mail, please call (415) 974-2060. To request copies to be sent by fax, please call (415) 974-3333, and specify document number 4194.

All circulars and documents are available on the Internet through the Federal Reserve Bank of San Francisco's Internet site, at http://www.frbsf.org/banking/bsr/regletters/.

Additional Information

For additional information about the guidance, please contact our Banking Supervision and Regulation Department, at (415) 974-2911.

FEDERAL RESERVE BANK OF SAN FRANCISCO