Proposed Rule2026-20509
Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 7, 2026
Effective
August 4, 2026
Issuing agencies
Federal Reserve System
Abstract
On August 4, 2026, the Board of Governors of the Federal Reserve System (Board) published in the Federal Register a proposal that would update Regulation O, the Board's rule governing loans by member banks to their insiders and insiders of their affiliates. The proposal provided for a comment period ending on October 5, 2026. The Board is extending the comment period for 30 days, until November 4, 2026.
Full Text
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<title>Federal Register, Volume 91 Issue 193 (Wednesday, October 7, 2026)</title>
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[Federal Register Volume 91, Number 193 (Wednesday, October 7, 2026)]
[Proposed Rules]
[Page 64121]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20509]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 91, No. 193 / Wednesday, October 7, 2026 /
Proposed Rules
[[Page 64121]]
FEDERAL RESERVE SYSTEM
12 CFR Part 215
[Regulation O; Docket No. R-1896]
RIN 7100-AG; 7100-AH27
Loans to Executive Officers, Directors, and Principal
Shareholders of Member Banks: Bank Holding Companies
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice of proposed rulemaking; extension of comment period.
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SUMMARY: On August 4, 2026, the Board of Governors of the Federal
Reserve System (Board) published in the Federal Register a proposal
that would update Regulation O, the Board's rule governing loans by
member banks to their insiders and insiders of their affiliates. The
proposal provided for a comment period ending on October 5, 2026. The
Board is extending the comment period for 30 days, until November 4,
2026.
DATES: The comment period for the notice of proposed rulemaking
published on August 4, 2026 (91 FR 49526) is extended. Comments must be
received by November 4, 2026.
ADDRESSES: You may submit comments by any of the methods identified in
the proposal.
FOR FURTHER INFORMATION CONTACT: Jay Schwarz, Deputy Associate General
Counsel, (202) 452-2970, Daniel Hickman, Senior Counsel, (202) 973-
7432, Jasmin Keskinen, Counsel, (202) 853-7872, Legal Division; or Anna
Lee Hewko, Associate Director, (202) 250- 1577, Missaka Nuwan
Warusawitharana, Manager, (202) 452-3461, Helen Xu, Manager, (202) 452-
2555, Lesley Chao, Lead Financial Institution Policy Analyst, (202)
974-7063, Li Gu, Senior Economist, (202) 912-4655, Division of
Supervision and Regulation; Board of Governors of the Federal Reserve
System, 20th Street and Constitution Avenue NW, Washington, DC 20551.
SUPPLEMENTARY INFORMATION:
On August 4, 2026, the Board published in the Federal Register a
proposal that would update Regulation O, which governs loans by member
banks to their insiders and insiders of their affiliates.\1\ The
proposed amendments would update and modernize the regulation, increase
transparency by clarifying requirements and incorporating existing
interpretations, and promote efficiency by reducing regulatory burden.
The proposed amendments also would incorporate existing statutory
requirements that are not currently reflected in the regulation.
Moreover, the proposed amendments would update several outdated dollar-
based thresholds in Regulation O and index these thresholds going
forward. In addition, the proposed amendments would address the
application of Regulation O to member banks that lend to companies that
are presumed to be controlled by large asset management companies
through passive investment funds. Finally, the proposed amendments
would revise and reorganize the regulation to streamline the text and
make it more accessible.
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\1\ 91 FR 49526 (Aug. 4, 2026).
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The proposal provided for a comment period ending on October 5,
2026. Since the publication of the proposal, commenters have requested
that the Board extend the comment period. An extension of the comment
period will provide an additional opportunity for interested parties to
consider the proposal and prepare comments. Therefore, the Board is
extending the end of the comment period for the proposal from October
5, 2026, to November 4, 2026. By order of the Board of Governors of the
Federal Reserve System, acting through the Secretary of the Board under
delegated authority.
Benjamin W. McDonough,
Secretary of the Board.
[FR Doc. 2026-20509 Filed 10-6-26; 8:45 am]
BILLING CODE 6210-01-P
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