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Finance & markets · 16/08/2001Updated: 10/17/2026 · 1 min read

Federal Reserve Adopts Final Rule for State Banking Institutions' Financial Subsidiaries

Summary

The Federal Reserve Board has finalized a rule allowing state member banks to own or control financial subsidiaries that can engage in certain activities not permitted for the parent bank, as authorized by the Gramm-Leach-Bliley Act.

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

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