Bank Holding Companies and Change in Bank Control (Regulation Y); Review of Restrictions in the Board's Section 20 Orders

Краткое содержание

The Board has conducted a comprehensive review of the prudential limitations established in its decisions under the Bank Holding Company Act and section 20 of the Glass-Steagall Act permitting a nonbank subsidiary of a bank holding company to underwrite and deal in securities. The Board is seeking comment on modifications to these limitations that the Board believes will allow section 20 subsidiaries to operate more efficiently and serve their customers more effectively. These modifications would allow section 20 subsidiaries to operate more readily in conjunction with an affiliated bank, thereby maximizing synergies, enhancing services, and possibly reducing costs.