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Finance & markets · 11/05/2001Updated: 10/17/2026 · 1 min read

Federal Reserve Adopts Interpretation to Expand Eligibility for Affiliate Securities Purchases

Summary

The Federal Reserve is expanding the types of asset purchases that are exempt from Section 23A restrictions, allowing insured depository institutions to purchase securities from registered broker-dealer affiliates while maintaining safe and sound banking practices.

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

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