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Regulation Y

 
Banking Dictionary: Regulation Y
 

Federal Reserve regulation governing banking and nonbanking activities of bank holding companies and the divestiture of impermissible nonbank activities. The regulation spells out the procedures for forming a bank holding company and procedures to be followed by bank holding companies acquiring voting shares in bank or nonbank companies. The regulation also lists those nonbank activities that are deemed closely related to banking and therefore permissible for bank holding companies.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more