Rulemaking · Federal Reserve · Nov 29, 2023

Long-Term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions; Extension of Comment Period

On September 19, 2023, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the "agencies") published in the Federal Register a proposal to require certain large depository institution holding companies, U.S. intermediate holding companies of foreign banking organizations, and insured depository institutions, to issue and maintain outstanding a minimum amount of long-term debt. The agencies have determined that an extension of the comment period until January 16, 2024, is appropriate.

Docket or bill: 2023-26202
Official record: https://www.federalregister.gov/documents/2023/11/29/2023-26202/long-term-debt-requirements-for-large-bank-holding-companies-certain-intermediate-holding-companies
Tracked as: Long-Term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions; Extension of Comment Period
Issued by: Federal Reserve System, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Department of the Treasury

Traceable spending around this event

Tracked giving from finance banking donors in the year before the event, and lobbying on BAN, FIN issue codes in the surrounding window. These are partial, tracked figures scoped to a window, not totals for the industry.

Giving window: Nov 29, 2022 – Nov 29, 2023. Donation records in this database currently run through Aug 12, 2026; lobbying filings through 2026. Figures computed Sep 14, 2026.

Tracked giving (finance banking)

$30,511,672

4,860 donations

Opposition spending

independent expenditures against

Lobbying (BAN, FIN)

$692,904,383

1,875 filings

Positions on record

from the relationships graph

Tracked giving (finance banking)$30,511,672

Lobbying (BAN, FIN)$692,904,383

Of tracked giving, $324,000 was independent expenditures supporting and $0 opposing; the remainder is direct contributions with no stated direction.

Positions

Independent Community Bankers of America
regulatory comment · curated · source
On record
AMERICAN BANKERS ASSOCIATION
regulatory comment · curated · source
On record
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
regulatory comment · curated · source
On record
HSBC TECHNOLOGY AND SERVICES USA INC.
lobbying disclosure · curated · source
On record

Top lobbying on these issues

Clients with the most reported lobbying spend on BAN, FIN issue codes in the window around the event. Lobbying reports cover multiple issues, so spend is not attributable to this event alone.

CHAMBER OF COMMERCE OF THE U.S.A.$86,380,000 · 5 filings
NATIONAL ASSOCIATION OF REALTORS$72,960,000 · 12 filings
AARP$24,060,000 · 6 filings
AMAZON.COM SERVICES LLC$17,850,000 · 4 filings
NATIONAL ASSOCIATION OF MANUFACTURERS$16,650,000 · 5 filings
UNITEDHEALTH GROUP, INC.$14,250,000 · 6 filings
NATIONAL MULTIFAMILY HOUSING COUNCIL INC$10,732,698 · 6 filings
Boeing$10,580,000 · 3 filings

Figures are drawn from tracked FEC donations and Senate LDA lobbying disclosures held in this database. See the methodology for how spending is scoped to an event window.