Finance & markets · 05/08/1996Updated: 10/18/2026 · 1 min read
Federal Reserve Proposes Change to Revenue Limit on Bank-Eligible Securities Activities
Summary
The Federal Reserve Board is seeking public comment on a proposed rule change that would clarify how interest earned on certain securities is treated for purposes of the Glass-Steagall Act, aiming to ensure compliance with the 10% revenue limit on underwriting and dealing in ineligible securities.