|For immediate release|
The Federal Reserve Board on Tuesday requested public comment on a proposal to modify a condition in the Board's Regulation Y in order to allow bank holding companies engaged in permissible derivatives activities to transfer title to commodities underlying derivative contracts on an instantaneous, pass-through basis.
The Board will publish its proposed rule in the Federal Register shortly. Comment is requested by April 21, 2003.The Board's notice is attached.
2003 Banking and consumer regulatory policy