(a) Registration of bank holding companies. Each company shall register
within 180 days after becoming a bank holding company by furnishing
information in the manner and form prescribed by the Board. A company
that receives the Board’s prior approval under subpart B of this regulation
to become a bank holding company may complete this registration requirement
through submission of its first annual report to the Board as required
by paragraph (b) of this section.
(b) Reports of bank holding companies. Each
bank holding company shall furnish, in the manner and form prescribed
by the Board, an annual report of the company’s operations for the
fiscal year in which it becomes a bank holding company, and for each
fiscal year during which it remains a bank holding company. Additional
information and reports shall be furnished as the Board may require.
(c) Examinations and inspections. The Board may examine or inspect any bank holding company and each
of its subsidiaries and prepare a report of their operations and activities.
With respect to a foreign banking organization, the Board may also
examine any branch or agency of a foreign bank in any state of the
United States and may examine or inspect each of the organization’s
subsidiaries in the United States and prepare reports of their operations
and activities. The Board shall rely, as far as possible, on the reports
of examination made by the primary federal or state supervisor of
the subsidiary bank of the bank holding company or of the branch or
agency of the foreign bank.
