Fed extends streak, keeping state bank oversight

Capitol Hill

The Federal Reserve on Wednesday won the overwhelming support of the US Senate to keep oversight of some small banks, as lawmakers continued to mould a bill that overhauls the regulatory landscape.

The upper chamber voted 91-9 in favour of an amendment proposed by Kay Hutchison, a Republican senator from Texas, and Amy Klobuchar, a Democrat from Minnesota, which would allow state chartered banks and bank holding companies with less than $50 billion in assets to choose Fed supervision. In

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account