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Finance & markets · 28/03/2000Updated: 10/17/2026 · 1 min read

Federal Reserve Corrects 2000 Rule on Bank Holding Companies and Foreign Banks

Summary

The Federal Reserve has corrected a 2000 rule regarding procedures for bank holding companies and foreign banks to elect financial holding company status, clarifying that foreign bank subsidiaries must meet the same requirements as domestic bank subsidiaries.

Original source language: Federal Register — Federal ReserveOpen original release →

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