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 direct contributions from finance banking donors to candidates in the year before the event, with transfers to PACs and parties and independent expenditures reported apart, 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. Independent expenditures are spent for or against candidates, not given to them, and are never added to the giving figures.

Giving window: Nov 29, 2022 – Nov 29, 2023. Donation records in this database currently run through Oct 20, 2026; lobbying filings through 2026. Figures computed Oct 29, 2026.

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.$67,720,000 · 4 filings
• NATIONAL ASSOCIATION OF REALTORS$52,520,000 · 10 filings
• AMAZON.COM SERVICES LLC$17,850,000 · 4 filings
• AARP$16,520,000 · 4 filings
• NATIONAL ASSOCIATION OF MANUFACTURERS$12,010,000 · 4 filings
• Boeing$10,580,000 · 3 filings
• UNITEDHEALTH GROUP, INC.$8,740,000 · 4 filings
• AMERICAN BANKERS ASSOCIATION$8,390,000 · 5 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. The spending shown is publicly disclosed, and no violation of law is alleged. Its timing does not establish that any spending caused the outcome.