Bank Holding Company/Change in Control
2009 Letters
- March 30, 2009 (117 KB PDF)
- Letter to Gregory A. Baer granting an exemption from the Board's risk-based capital guidelines for bank holding companies (12 CFR Part 225, App. A) to permit Bank of America Corporation, Charlotte, North Carolina, to include in tier 1 capital certain deferred tax assets acquired in connection with its purchase of Merrill Lynch & Company, Inc.
- March 24, 2009 (51 KB PDF)
- Letter to B. Robbins Kiessling, Esq., advising that General Motors Corporation would not control GMAC LLC, both of Detroit, Michigan, under the Bank Holding Company Act, as amended, if the actions described in the letter are taken in accordance with certain conditions described in the letter and related corresondence.
- March 24, 2009 (58 KB PDF)
- Letter to Daniel M. Rossner advising that (i) the Board has determined not to disapprove the notice under the Change in Bank Control Act by the Government of Singapore Investment Corporation Pte. Ltd. ("GIC") to acquire up to 19.9 percent of the voting shares of Citigroup, New York, New York, as part of a share exchange offer and (ii) GIC would not be deemed to control Citigroup or its subsidiary banks under the Bank Holding Company Act as a result of its participation in the share exchange offer.
- March 24, 2009 (64 KB PDF)
- Letter to Joseph P. Vitale, Esq., advising that Stephen A. Feinberg and the entities he controls or advises would not control GMAC LLC, Detroit, Michigan, under the Bank Holding Company Act, as amended, if the transactions described in the letter are consummated according to certain conditions described in the letter and related correspondence.
- March 12, 2009 (84 KB PDF)
- Letter to Sarah Smith granting modifications related to the Board's regulatory reporting requirements for bank holding companies and state member banks to The Goldman Sachs Group, Inc. and Goldman Sachs Bank USA, both of New York, New York.
- February 20, 2009 (30 KB PDF)
- Letter to Paul R. Ackerman granting an exemption from the Board's risk-based capital guidelines for bank holding companies (12 CFR Part 225, App. A) to permit Wells Fargo & Company, San Francisco, California, to include in tier 1 capital certain deferred tax assets acquired in connection with its purchase of Wachovia Corporation.
- February 17, 2009 (94 KB PDF)
- Letter to David J. DeBrunner granting temporary relief from the Board's regulatory reporting requirements for bank holding companies to GMAC LLC, Detroit, Michigan.
- February 17, 2009 (88 KB PDF)
- Letter to Jon Macey granting temporary relief from the Board's regulatory reporting requirements for bank holding companies to CIT Group Inc., New York, New York.
- February 11, 2009 (204 KB PDF)
- Letter to Stephen Linehan granting an exemption from the requirements of the Board's market risk rule for bank holding companies (12 CFR part 225, Appendix E) to Capital One Financial Corporation, McLean, Virginia.
- February 5, 2009 (189 KB PDF)
- Letter to Joan C. Amble granting temporary relief from and other modifications related to the Board's regulatory reporting requirements for bank holding companies to the American Express Company, New York, New York.
- February 5, 2009 (184 KB PDF)
- Letter to Gregory A. Baer granting temporary exemptions from application of certain aspects of the Board's market risk rule for bank holding companies (12 CFR part 225, Appendix E) to Bank of America Corporation, Charlotte, North Carolina, in connection with its purchase of Merrill Lynch & Co., Inc., New York, New York.
- February 5, 2009 (169 KB PDF)
- Letter to Colm Kelleher granting a temporary exemption from application of certain aspects of the Board's market risk rule for bank holding companies (12 CFR part 225, Appendix E) to Morgan Stanley, New York, New York.
- February 5, 2009 (236 KB PDF)
- Letter to Colm Kelleher granting temporary relief from and other modifications related to the Board's regulatory reporting requirements for bank holding companies to Morgan Stanley, New York, New York.
- February 5, 2009 (233 KB PDF)
- Letter to Sarah Smith granting temporary exemptions from application of certain aspects of the Board's market risk rules for state member banks and bank holding companies (12 CFR parts 208 and 225, Appendix E) to The Goldman Sachs Group, Inc. and Goldman Sachs Bank USA, both of New York, New York.
- February 5, 2009 (335 KB PDF)
- Letter to Sarah Smith granting temporary relief from and other modifications related to the Board's regulatory reporting requirements for bank holding companies and state member banks to The Goldman Sachs Group, Inc. and Goldman Sachs Bank USA, both of New York, New York.