|For immediate release|
The Federal Reserve Board on Monday announced its approval of a final rule that modifies Regulation Y 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 final rule in the Federal Register shortly, and the rule will become effective August 4, 2003.
The Board’s notice is attached.
2003 Banking and consumer regulatory policy