Finance & markets · 01/06/2009Updated: 10/17/2026 · 1 min read
Federal Reserve Adopts Final Rule on Perpetual Preferred Stock for Bank Holding Companies
Summary
The Federal Reserve has finalized a rule allowing bank holding companies that issued senior perpetual preferred stock to the US Treasury under the Emergency Economic Stabilization Act of 2008 to count these capital instruments towards their tier 1 capital requirements.