# Bank Holding Companies and Change in Bank Control
> **US Federal Reserve System** · Interim rule, with request for public comments. · Published 2000-03-28 · Effective 2000-03-17 · 65 FR 16460
## Document
- **Document number:** 00-7147
- **Category:** other
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 65 FR 16460
- **CFR reference:** 12 CFR 225
- **Publication date:** 2000-03-28
- **Effective date:** 2000-03-17
- **Docket:** Regulation Y
## Abstract

The Board of Governors of the Federal Reserve System and the Secretary of the Treasury jointly adopt on an interim basis, effective March 17, 2000, and solicit comment on a rule that will govern merchant banking investments made by financial holding companies. This rule implements provisions of the recently enacted Gramm-Leach-Bliley Act (GLB Act) that permit financial holding companies to make investments as part of a bona fide securities underwriting or merchant or investment banking activity. A summary of the rule appears below in the executive summary in the SUPPLEMENTARY INFORMATION section.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2000/03/28/00-7147/bank-holding-companies-and-change-in-bank-control)
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