2026-20509: Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies

Federal Register, Volume 91 Issue 193 (Wednesday, October 7, 2026) [Federal Register Volume 91, Number 193 (Wednesday, October 7, 2026)] [Proposed Rules] [Page 64121] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2026-20509] ======================================================================== Proposed Rules Federal Register ________________________________________________________________________ This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. ======================================================================== Federal Register / Vol. 91, No. 193 / Wednesday, October 7, 2026 / Proposed Rules [[Page 64121]] FEDERAL RESERVE SYSTEM 12 CFR Part 215 [Regulation O; Docket No. R-1896] RIN 7100-AG; 7100-AH27 Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies

Agency

Board of Governors of the Federal Reserve System.

Action

Notice of proposed rulemaking; extension of comment period. -----------------------------------------------------------------------

Summary

On August 4, 2026, the Board of Governors of the Federal Reserve System (Board) published in the Federal Register a proposal that would update Regulation O, the Board's rule governing loans by member banks to their insiders and insiders of their affiliates. The proposal provided for a comment period ending on October 5, 2026. The Board is extending the comment period for 30 days, until November 4, 2026.

Dates

The comment period for the notice of proposed rulemaking published on August 4, 2026 (91 FR 49526) is extended. Comments must be received by November 4, 2026.

Addresses

You may submit comments by any of the methods identified in the proposal.

For Further Information Contact

Jay Schwarz, Deputy Associate General Counsel, (202) 452-2970, Daniel Hickman, Senior Counsel, (202) 973- 7432, Jasmin Keskinen, Counsel, (202) 853-7872, Legal Division; or Anna Lee Hewko, Associate Director, (202) 250- 1577, Missaka Nuwan Warusawitharana, Manager, (202) 452-3461, Helen Xu, Manager, (202) 452- 2555, Lesley Chao, Lead Financial Institution Policy Analyst, (202) 974-7063, Li Gu, Senior Economist, (202) 912-4655, Division of Supervision and Regulation; Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551.

Supplementary Information

On August 4, 2026, the Board published in the Federal Register a proposal that would update Regulation O, which governs loans by member banks to their insiders and insiders of their affiliates.\1\ The proposed amendments would update and modernize the regulation, increase transparency by clarifying requirements and incorporating existing interpretations, and promote efficiency by reducing regulatory burden. The proposed amendments also would incorporate existing statutory requirements that are not currently reflected in the regulation. Moreover, the proposed amendments would update several outdated dollar- based thresholds in Regulation O and index these thresholds going forward. In addition, the proposed amendments would address the application of Regulation O to member banks that lend to companies that are presumed to be controlled by large asset management companies through passive investment funds. Finally, the proposed amendments would revise and reorganize the regulation to streamline the text and make it more accessible. --------------------------------------------------------------------------- \1\ 91 FR 49526 (Aug. 4, 2026). --------------------------------------------------------------------------- The proposal provided for a comment period ending on October 5, 2026. Since the publication of the proposal, commenters have requested that the Board extend the comment period. An extension of the comment period will provide an additional opportunity for interested parties to consider the proposal and prepare comments. Therefore, the Board is extending the end of the comment period for the proposal from October 5, 2026, to November 4, 2026. By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority. Benjamin W. McDonough, Secretary of the Board. [FR Doc. 2026-20509 Filed 10-6-26; 8:45 am] BILLING CODE 6210-01-P