Arkansas
State Bank Department
Bank Holding Companies
(updated
March 3, 2004)
The Arkansas
State Bank Department has performed examinations of bank holding companies
since 1987. Record
keeping and regulatory reporting deficiencies are the most criticized areas of
holding company operations. The
majority of holding companies within
The holding
company must be thought of as a business entity with the purpose of serving as
a source of financial and managerial strength to its subsidiaries. The parent company’s board of directors is
responsible for formulation of applicable policies and contracts, as well as
initiation of procedures for proper record keeping that will ensure the correct
preparation of all Federal Reserve System reports.
The links below
contain recommendations for the development and improvement of holding company
records.
Shareholders’ and Directors’ Meetings
General Ledger, Cash Receipts and
Disbursements Journal, and Financial Statements
Tax Allocation Agreement and Accounting for Intercompany Taxes
Common Errors noted in Preparation of Federal
Reserve System Reports
Sections 23A and 23B of the Federal Reserve
Act
Stock Transfer Notifications and Other
Information for the State Bank Commissioner
Additional
information may be found in the Federal Reserve’s Bank
Holding Company Supervisory Manual .
For additional
information from the Arkansas State Bank Department you may contact us
by email at: bhc@banking.state.ar.us
by telephone (voice) at: (501) 324-9019
by fax at: (501) 324-9028
by regular mail addressed to:
Bank
Holding Companies
Arkansas
State Bank Department