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Bankowość centralna · 07/02/2023

Federal Reserve Board Issues Policy Statement on Section 9(13) of the Federal Reserve Act

The Federal Reserve Board is issuing a policy statement clarifying its approach to state member banks' activities under Section 9(13) of the Federal Reserve Act. The statement sets a rebuttable presumption that the Fed will limit state banks' principal activities to those permissible for national banks, subject to federal regulations and statutes.

Source: Federal Register — Federal ReserveOpen original release →