Bank Holding Company Act of 1956
E116154
The Bank Holding Company Act of 1956 is a U.S. federal law that regulates bank holding companies, restricting their non-banking activities and acquisitions to limit concentration of financial power and conflicts of interest.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Bank Holding Company Act of 1956 canonical | 11 |
| Bank Holding Company Act | 1 |
| Bank Holding Company Act of 1956 amendments | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
banking law ⓘ |
| aimsTo |
prevent anticompetitive practices in banking
ⓘ
separate banking from certain commercial activities ⓘ |
| amendedBy |
Bank Holding Company Act Amendments of 1970
ⓘ
Dodd–Frank Wall Street Reform and Consumer Protection Act ⓘ Gramm-Leach-Bliley Act of 1999 ⓘ
surface form:
Gramm–Leach–Bliley Act
|
| appliesTo |
companies that are deemed bank holding companies by the Federal Reserve
ⓘ
companies that own or control banks ⓘ |
| codifiedIn | Title 12 of the United States Code ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| defines | bank holding company ⓘ |
| definitionOf | control of a bank by a company ⓘ |
| enacted | 1956 ⓘ |
| enforcementBy |
Federal Reserve Board of Governors
ⓘ
surface form:
Board of Governors of the Federal Reserve System
|
| goal |
to prevent undue concentration of banking resources
ⓘ
to protect competition in local banking markets ⓘ to protect the safety and soundness of the banking system ⓘ |
| grantsAuthorityTo |
Federal Reserve Board of Governors
ⓘ
surface form:
Board of Governors of the Federal Reserve System
|
| historicalContext | post–World War II expansion of large banking organizations ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| language | English ⓘ |
| legislativeBody | United States Congress ⓘ |
| limits | interstate bank acquisitions ⓘ |
| policyArea |
antitrust in financial services
ⓘ
bank regulation ⓘ |
| primarySubject | bank holding companies ⓘ |
| prohibits |
certain tie-in arrangements between banks and affiliates
ⓘ
engaging in nonbanking businesses not closely related to banking ⓘ |
| purpose |
to limit concentration of financial power
ⓘ
to reduce conflicts of interest in banking ⓘ to regulate bank holding companies ⓘ to restrict nonbanking activities of bank holding companies ⓘ |
| regulates | bank holding companies ⓘ |
| regulatoryAuthority |
Federal Reserve Board of Governors
ⓘ
surface form:
Board of Governors of the Federal Reserve System
|
| relatedTo |
Dodd–Frank Wall Street Reform and Consumer Protection Act
ⓘ
Glass–Steagall Act ⓘ Gramm-Leach-Bliley Act of 1999 ⓘ
surface form:
Gramm–Leach–Bliley Act
|
| requires |
Federal Reserve approval for bank holding company acquisitions
ⓘ
periodic reporting by bank holding companies ⓘ registration of bank holding companies with the Federal Reserve ⓘ |
| restricts |
acquisitions by bank holding companies
ⓘ
nonbanking activities of bank holding companies ⓘ |
| sector | financial regulation ⓘ |
| signedBy | Dwight D. Eisenhower ⓘ |
| signingPresident | Dwight D. Eisenhower ⓘ |
| typeOfRegulation | structural regulation of financial institutions ⓘ |
| yearEnacted | 1956 ⓘ |
Referenced by (13)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Bank Holding Company Act of 1956 amendments
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
→
amends
→
Bank Holding Company Act of 1956
ⓘ
this entity surface form:
Bank Holding Company Act
subject surface form:
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
subject surface form:
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994