...the Board by regulation or order under this paragraph as of the day before November 12, 1999, to be so closely related to banking as to be a proper Incident thereto (subject to such terms and conditions contained In such regulation or order, unless modified by the...

...Any activity that the Board had determined by an order that was in effect on November 12. 1999. to be so closely related to banking as to be a proper incident thereto, subject to the terms and conditions contained in this part and those in the authorizing- orders. These...

...Any activity that the Board had determined by an order that was in effect on November 12, 1999. to be so closely related to banking as to be a proper incident thereto, subject to the terms and conditions contained in this part and those in the authorizing orders. These...

...4(c) (8) of the Bank Holding Company Act requires that the Board of Governors find that an activity Is so closely related to banking as to be a proper incident thereto before it may approve that activity for bank holding companies. Unfortunately, this language has not...

...is given discretion to exempt activities of a "financial, fiduciary, or insurance nature" which are so closely related to banking as to be a proper incident thereto. Such financial, fiduciary, or insurance activities do not come within t(lie scope of the meaning of...

...prohibited repri?tered bank holding companies from engaging in businesses other than those which are so closely related to banking as to be a proper incident thereto. This second purpose which was referred to as "separating banking from commerce" was, in fact, designed...

...companies can acquire affiliates engaged in financial, fiduciary and insurance activities which are so closely related to banking as to be a proper incident thereto. We think that banking in this day and age is basically t he purveying of financial services. There...

...Reserve Board must apply two statutory tests.' First, it must determine that the proposed activity is "so closely related to banking as to be a proper incident thereto." Second, the Board must determine that (>erformance of the proposed activity by a banking organization...

...Reserve Board must apply two statutory tests.' First, it must determine that the proposed activity is "so closely related to banking as to be a proper incident thereto." Second, the Board must determine that performance of the proposed activity by a banking organization...

...avoided, the Federal Reserve Board still would have to find that membership on a stock exchange is so closely related to banking as to be a proper incident thereto. (c) Federal Securities Laws Section 3(a)(4) of the Securities Exchange Act of 1934 defines a broker...