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FRS RIN: 7100-AC81 Publication ID: Fall 2008 
Title: Regulation Y--Bank Holding Companies and Change in Bank Control (Docket No. R-1094) 
Abstract: In December 2000, the Board, jointly with the Department of the Treasury, issued interim rules with request for public comment to implement section 4(k)(5) of the Bank Holding Company Act and section 5136A(b)(3) of the Revised Statutes, which were added by the Gramm-Leach-Bliley Act (66 FR 257, January 3, 2001). The interim rules specify three general types of activities to be financial in nature or incidental to a financial activity, and create a mechanism by which financial holding companies, financial subsidiaries of national banks, or others may request that the Board or the Secretary of the Treasury, respectively, define particular activities within one of the three categories. Such activities would therefore be permissible for financial holding companies and financial subsidiaries of national banks. The rules are not expected to have a significant economic impact on a substantial number of small entities. Following review of the public comments, the Board will take further action. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 225.86(e)   
Legal Authority: 12 USC 1843   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  01/03/2001  66 FR 257   
Board Expects Further Action By  11/00/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Michael Waldron
Senior Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2798