Modernization of mutual banking organization regulations
The developments in this story so far, most recent first.
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· date approximate Development
US Federal Reserve Board proposes modernizing mutual bank rules
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· date approximate Background
The US Federal Reserve Board assumed regulatory and supervisory authority over mutual banks from the Office of Thrift Supervision.
In 2011, the US Federal Reserve Board assumed regulatory and supervisory authority over mutual banks, taking over these responsibilities from the Office of Thrift Supervision.
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· date approximate Background
The rules governing mutual banks were first established.
The rules governing mutual banks were first established in 1993. These organizations are characterized by being owned by their depositors rather than by shareholders.