Finance & markets · 12/07/1994Updated: 10/16/2026 · 1 min read
10 Percent Revenue Limit on Bank-Ineligible Activities of Subsidiaries of Bank Holding Companies Engaged in Underwriting and Dealing in Securities
Summary
The Federal Reserve Board authorized bank holding companies to establish separate nonbank subsidiaries to underwrite and deal in securities ineligible for direct bank involvement, with a 10 percent revenue limit on such activities.