Some small bank holding companies could soon be seeing less of their federal examiners.

The Federal Reserve Board announced Thursday that it's changing the review process for "shell" bank holding companies. A shell holding company is defined as one with less than $1 billion of assets, having insignificant outstanding debt, and engaging in no significant nonbank activity.

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.