Fed · other · Published 2000-03-28 · Effective 2000-03-15 · 65 FR 16302
Document
Document number
00-7432
Federal Register citation
65 FR 16302
CFR reference
12 CFR 225
Type
Rule
Action
Interim rule; correction.
Category
other
Agency
US Federal Reserve System
Publication date
2000-03-28
Effective date
2000-03-15
Docket
Regulation Y
Abstract
This document corrects the preamble to an interim rule published in the Federal Register of March 21, 2000, regarding procedures for bank holding companies and foreign banks to elect to be treated as financial holding companies. This correction clarifies that depository institution subsidiaries of foreign banks electing financial holding company status must meet the same requirements as depository institution subsidiaries of bank holding companies electing financial holding company status.