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.