Bank Holding Companies
A holding company must be thought of as a business entity with the purpose of serving as a source of financial and managerial strength to its subsidiaries. The parent company’s board of directors is responsible for formulation of applicable policies and contracts, as well as initiation of procedures for proper record keeping that will ensure the correct preparation of all Federal Reserve System reports.
The links below contain recommendations for the development and improvement of holding company records.
Additional information may be found in the Federal Reserve’s Bank Holding Company Supervisory Manual.
For additional information from the Arkansas State Bank Department click here for information on how you can contact us.