Regulatory Alerts2025-10-22
SR 25-5: Regulatory Capital Instrument Issuance by Mutual Banking Organizations
The Board of Governors of the Federal Reserve System issued Supervision and Regulation Letter SR 25-5 to alert Board-regulated mutual banking organizations to new Frequently Asked Questions regarding Regulation Q and Regulation MM. These FAQs clarify the process for issuing regulatory capital instruments and provide template term sheets to assist organizations in ensuring compliance with Board-administered regulations. The Board invites feedback on the proposed templates by June 30, 2026, and encourages institutions to monitor the public website for periodic updates to the guidance.
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