[19980519]98-399A_银行收购和合并程序.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS Web98-399 AUpdated May 19, 1998Banking Acquisition and Merger ProceduresM. Maureen MurphyLegislative AttorneyAmerican Law DivisionSummaryThis report discusses in general terms the basic process and time line for bankingindustry acquisitions and mergers and briefly discusses the May 4, 1998 application byTravelers Group to merge with Citicorp. When banking concerns, such as NationsBankand BankAmerica, announce plans to merge, they begin a process that involvesapplications under various federal statutes that must be approved by the Federal ReserveBoard, by the primary federal regulator of the banking institutions involved, and by thestate banking authorities in states in which the banks are chartered. The review includespublic notice and opportunity for comment. In the course of the review, an assessmentwill be made of the companies management, safety and soundness, capitalization,Community Reinvestment Act record, as well as the potential impact of the transactionon competition. Approval may not occur if a monopoly would result or if competitionwould be substantially lessened unless