Finance & markets · 15/07/1997Updated: 10/17/2026 · 1 min read
Federal Reserve Proposes Expansion of Section 23A and 23B Restrictions to Transactions Between Member Banks and Subsidiaries
Summary
The Federal Reserve is proposing to expand the restrictions imposed by Sections 23A and 23B of the Federal Reserve Act to transactions between a member bank and its subsidiaries, aiming to align with the existing treatment by other banking agencies.