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  3. Regulation LL Savings and Loan Holding Companies

Regulation LL
Savings and Loan Holding Companies

12 CFR 238; as amended effective April 1, 2024
Subpart A—General Provisions
  • Section
  • Authority, purpose, and scope
  • Definitions
  • Administration
  • Records, reports, and inspections
  • Audit of savings association holding companies
  • Penalties for violations
  • Tying restriction exception
  • Safe and sound operations, and small bank holding company policy statement
  • Control over securities
  • Categorization of banking organizations
Subpart B—Acquisitions of Savings Association Securities or Assets
  • Section
  • Transactions requiring Board approval
  • Transactions not requiring Board approval
  • Prohibited acquisitions
  • Procedural requirements
  • Factors considered in acting on applications
Subpart C—Control Proceedings
  • Section
  • Control proceedings
  • Rebuttable presumptions of control of a company
  • Rebuttable presumption of noncontrol of a company
Subpart D—Change in Bank Control
  • Section
  • Transactions requiring prior notice
  • Transactions not requiring prior notice
  • Procedures for filing, processing, publishing, and acting on notices
Subpart E—Qualified Stock Issuances
  • Section
  • Qualified stock issuances by undercapitalized savings associations or holding companies
Subpart F—Savings and Loan Holding Company Activities and Acquisitions
  • Section
  • Prohibited activities
  • Exempt savings and loan holding companies and grandfathered activities
  • Prescribed services and activities of savings and loan holding companies
  • Permissible bank holding company activities of savings and loan holding companies
Subpart G—Financial Holding Company Activities
  • Section
  • Scope
  • Definitions
  • Requirements to engage in financial holding company activities
  • Election required
  • Election procedures
  • Ongoing requirements
Subpart H—Notice of Change of Director or Senior Executive Officer
  • Section
  • Purpose
  • Definitions
  • Prior notice requirement
  • Filing and processing procedures
  • Standards for review
  • Waiting period
  • Waiver of prior notice requirement
Subpart I—Prohibited Service at Savings and Loan Holding Companies
  • Section
  • Purpose
  • Definitions
  • Prohibited actions
  • Covered convictions or agreements to enter into pre-trial diversions or similar programs
  • Adjudications and offenses not covered
  • Exemptions
  • Filing procedures
  • Factors for review
  • Board action
  • Hearings
Subpart J—Management Official Interlocks
  • Section
  • Authority, purpose, and scope
  • Definitions
  • Prohibitions
  • Interlocking relationships permitted by statute
  • Small market share exemption
  • General exemption
  • Change in circumstances
  • Enforcement
  • Interlocking relationships permitted pursuant to Federal Deposit Insurance Act
Subpart K—Dividends by Subsidiary Savings Associations
  • Section
  • Authority and purpose
  • Definitions
  • Filing requirement
  • Board action and criteria for review
Subpart L—[Reserved]
Subpart M—Risk Committee Requirement for Covered Savings and Loan Holding Companies with Total Consolidated Assets of $50 Billion or More and Less than $100 Billion
  • Section
  • Applicability
  • Risk committee requirement for covered savings and loan holding companies with total consolidated assets of $50 billion or more
Subpart N—Risk Committee, Liquidity Risk Management, and Liquidity Buffer Requirements for Covered Savings and Loan Holding Companies with Total Consolidated Assets of $100 Billion or More
  • Section
  • Scope
  • Applicability
  • Risk-management and risk committee requirements
  • Liquidity risk-management requirements
  • Liquidity stress testing and buffer requirements
Subpart O—Supervisory Stress Test Requirements for Covered Savings and Loan Holding Companies
  • Section
  • Definitions
  • Applicability
  • Analysis conducted by the Board
  • Data and information required to be submitted in support of the Board’s analyses
  • Review of the Board’s analysis; publication of summary results
  • Corporate use of stress test results
Subpart P—Company-Run Stress Test Requirements for Savings and Loan Holding Companies
Subpart Q—Single Counterparty Credit Limits for Covered Savings and Loan Holding Companies
  • Section
  • Applicability and general provisions
  • Definitions
  • Credit exposure limits
  • Gross credit exposure
  • Net credit exposure
  • Investments in and exposures to securitization vehicles, investment funds, and other special purpose vehicles that are not subsidiaries of the covered company
  • Aggregation of exposures to more than one counterparty due to economic interdependence or control relationships
  • Exemptions
  • Compliance
Subpart R—Company-Run Stress Test Requirements for Foreign Savings and Loan Holding Companies with Total Consolidated Assets Over $250 Billion
Subpart S—Capital Planning and Stress Capital Buffer Requirement
  • Section
  • Capital planning and stress capital buffer requirement
Appendix A—Text of large financial institution rating system*
AUTHORITY: 5 U.S.C. 552, 559; 12 U.S.C. 1462, 1462a, 1463, 1464, 1467, 1467a, 1468, 1813, 1817, 1829e, 1831i, 1972, 3201-3208; 15 U.S.C. 78l.
*
Appendix A does not appear in the Code of Federal Regulations. It was published in the Federal Register at 83 Fed. Reg. 58,724, 58,734–39 (November 21, 2018).
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