Legal Interpretations
Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2024 Letters
March 12, 2024 (PDF)
Letter to Stuart M. Litwin, Esq., granting a request by Truist Financial Corporation, Charlotte, North Carolina, to treat a proposed issuance of credit-linked notes, and substantially identical credit-linked-note transactions, as synthetic securitizations because they are similar to and at least as effective as transactions commonly used for mitigating risk that the Board recognizes in its capital rule.
March 09, 2024 (PDF)
Letter to Brian D. Christiansen, Esq., granting a request by New York Community Bancorp, Inc., Hicksville, New York, for a general exemption pursuant to the Depository Institution Management Interlocks Act and the Board’s Regulation L to permit Mr. Milton Berlinski to become a director of New York Community Bancorp, Inc. while at the same time serving as a director of EverBank Financial Corp and of EverBank, National Association, both of Jacksonville, Florida.