WASHINGTON -- By July 5, state member banks that want to invest in their buildings will be freed from some of the paperwork required by the Federal Reserve Board.

The Fed announce in a Federal Register notice last Friday that well-capitalized state member banks with a Camel 1 or 2 rating may invest up to 50% of Tier 1 capital in their premises without filing an application.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.