A study of rural banks must find what helps them and what holds them back
What the document says“(1) to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and”
The section requires the federal banking agencies, meaning the Federal Reserve Board, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, to study jointly how to improve the growth, capital adequacy, and profitability of banks that mainly serve rural areas, and to identify federal statutes other than appropriations Acts, and their own regulations, that limit those methods or the setting up of new banks in rural areas.
What the document actually says“(1) to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and”
The study must find ways to help banks that mainly serve the country. It looks at how they grow, how strong they are, and whether they make money.
It must also name the federal laws and rules that get in the way. That covers rules the agencies wrote themselves. Spending laws are left out.
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