| For immediate release |
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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