Regulatory Alerts2025-10-22 | SR 25-5SR 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 newly published FAQs regarding the issuance of qualifying regulatory capital instruments. These FAQs clarify compliance processes under Regulation Q and Regulation MM and include template term sheets to assist organizations in structuring their capital issuances. 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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