Regulation Y - Circulars - FEDERAL RESERVE BANK of NEW YORK

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Circular

Regulation Y

January 12, 2001

Circular No. 11311

Final Rule on Merchant Banking Activities of Financial Holding Companies

To All Bank and Financial Holding Companies in the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System and the Secretary of the Treasury have adopted a final rule governing merchant banking activities of financial holding companies. The rule, effective February 15, 2001, was announced in a joint press release on January 10, 2000.

The final rule (pdf - 156kb) , as submitted for publication in the Federal Register, is available. It incorporates a number of amendments in response to public comments on the interim rule [see our Circular No. 11243, dated April 13, 2000].

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