Fed Moves to Give Mutual Banks More Flexibility to Raise Capital

The Federal Reserve is seeking comment on a proposal that it said would modernize rules for mutual banking organizations and increase their flexibility to raise capital. The proposal would update rules that have not been changed since they were established in 1993 and have proven to be “overly burdensome and complex,” the Federal Reserve said in a Friday (July 31) press release . To increase flexibility for certain mutual banks to raise capital, the proposal would clarify which instruments count