Board of Governors of the Federal Reserve System

Morgan Stanley/ETRADE Application and related materials

Application Materials

• Cover Letter to Application by Morgan Stanley to Acquire ETRADE Financial Corporation (March 25, 2020) (PDF)
• Application by Morgan Stanley to Acquire ETRADE Financial Corporation Pursuant to Sections 4(j) and 4(k) of the Bank Holding Company Act and Part 225 Regulation Y (March 25, 2020) (PDF)
• Public Exhibits to Application by Morgan Stanley to Acquire ETRADE Financial Corporation. (March 25, 2020) (PDF)
• Request for Additional Information Related to the Application by Morgan Stanley to Acquire ETRADE Financial Corporation (April 17, 2020) (PDF)
• Additional Information Response (April 29, 2020) (PDF)
• Public Exhibits to Additional Information Response (April 29, 2020) (PDF)
• Request for Additional Information Related to the Application by Morgan Stanley to Acquire ETRADE Financial Corporation (May 8, 2020) (PDF)
• Additional Information Response (May 18, 2020) (PDF)
• Additional Information Response (June 1, 2020) (PDF)
• Additional Information Response (June 12, 2020) (PDF)
• Request for Additional Information Related to the Application by Morgan Stanley to Acquire ETRADE Financial Corporation (June 19, 2020) (PDF)
• Additional Information Response (July 10, 2020) (PDF)
• Additional Information Response (July 21, 2020) (PDF)

Public Notices and Press Releases

• Federal Reserve Board announces the public comment period has been extended through June 4, 2020, for the notice by Morgan Stanley of New York, New York, to acquire E*TRADE Financial Corporation of Arlington, Virginia (April 30, 2020)
• Federal Register Notice of Proposal To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities (April 1, 2020) (PDF)

Public Comments

• Public Comments (PDF)
• Public Comments 2 (PDF)
• Public Comments 3 (PDF)
• Applicant Response to Public Comments (June 30, 2020) (PDF)
• Applicant Response to Public Comments (June 30, 2020) (PDF)