Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: July 2, 2001

For immediate release

The Federal Reserve Board is joining the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation in a letter to the Securities and Exchange Commission (SEC) concerning the SECís interim final rules to implement provisions of the Gramm-Leach-Bliley Act that provide specific exemptions from the broker and dealer definitions that permit banks to continue providing trust and fiduciary, and other specified traditional banking products and services.

The agenciesí comment letter and appendix are attached.

Letter (111 KB PDF)
Appendix to letter (219 KB PDF)

2001 Banking and consumer regulatory policy

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Last update: July 2, 2001