Board of Governors of the Federal Reserve System

Applications generally must be filed for the following types of activities: formation/expansion; engaging in nonbank activities; addition or changes in directors or senior executive officers; and stock redemptions. In addition, institutions interested in membership in the Federal Reserve must file an application for membership. Lastly, individuals and certain entities must file a notice for changes in control. An overview of the types of applications and the circumstances under which they must be filed can be accessed using the "Application Types" link below.

The Federal Reserve generally follows a six-step process when working on applications submitted by banking organizations. These steps are: receipt, acknowledgement/return, requests for additional information, final action, pre-consummation events, and consummation. Processing times may vary for a number of reasons, including the type of application being filed and the amount of additional information that is required.

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Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue N.W., Washington, DC 20551