Most thrift holding companies will get a two-year phase in period for following Federal Reserve Board reporting requirements while others will initially be exempted, the central bank said Friday.

Under the Dodd-Frank Act, the Fed takes over supervision of thrift holding companies from the now-dissolved Office of Thrift Supervision (OTC). As a result, most thrift parents will be required to use the same reporting formats used by Fed-supervised bank holding companies.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.