|For immediate release|
The Federal Reserve Board has published an interim rule defining three categories of activities listed in section 4(k)(5) of the Bank Holding Company Act as financial in nature or incidental to a financial activity. The interim rule also establishes a mechanism through which financial holding companies or other interested parties may request that the Board find, by order, that particular specific activities fall within one of the three categories.
The Board voted to approve the interim rule at its meeting on December 21, 2000. The interim rule became effective on January 2, 2001.
The Board’s notice is attached.
2001 Banking and consumer regulatory policy