[Full text of the Office of Thrift Supervision's proposed rule will be published in the Federal Register, dated Wednesday, July 12.]
The Office of Thrift Supervision is pursuing a comprehensive regulatory strategy governing mutual institutions, mutual holding company reorganizations and the mutual to stock conversion process. The program involves:
- Issuing new policy and examination guidance for mutuals;
- Proposing regulations on mutual holding companies and the conversion process;
- Issuing an interim final rule on stock repurchases and mutual holding company dividend waivers; and
- Revising application forms used for mutual holding company reorganizations and the conversion process.
Visit the OTS site for more information...