Bank Holding Company/Change in Control
2008 Letters
- August 5, 2008 (346 KB PDF)
- Letter to H. Rodgin Cohen, Esq., granting the requests by China Investment Corporation and Central SAFE Investments Limited for exemptions under section 4(c)(9) of the Bank Holding Company Act (12 U.S.C. section 1843(c)(9)) from the nonbanking restrictions of the Act.
- July 31, 2008 (1.89 MB PDF)
- Letter to Gary Rice, Esq., allowing for the exercise of an option, previously approved by Board order, for voting shares of Israel Discount Bank, Tel Aviv, Israel, the parent of Israel Discount Bank of New York, New York, by two ownership groups without the filing of an application to the Board under the Bank Holding Company Act.
- June 19, 2008 (40 KB PDF)
- Letter to John R. Jay granting an exemption from the Board's risk-based capital guidelines for bank holding companies and state member banks (12 CFR parts 208 and 225, App. A) to permit SunTrust Banks, Inc. and SunTrust Bank to include in their tier 1 capital certain unrealized gains on AFS equity securities as a result of certain collateralized forward contracts to be entered into by SunTrust.
- January 8, 2008 (124 KB PDF)
- Letter to a bank, clarifying that it could underwrite debt protection services for its customers and continue to qualify for the "credit card bank exemption" from the definition of bank in section 2(c)(2)(F) of the Bank Holding Company Act of 1956.