...prohibitions of this section shares of any bank holding company the activities of which were determined to be so closely related to banking or managing or controlling banks as to be a proper incident thereto, which further provided that for purposes of this subsection it was not closely related to banking or...

...closely related to banking. Pursuant to section 4(c)(8) of the Bank Holding Company Act and J226.4(a) of Regulation Y, the Board of Governors has determined...incident thereto: (a) Insurance premium funding — that la, the combined sale of mutual funds and insurance. (b) Underwriting life insurance that is not sold...

...closely related to banking. Pursuant to section 4Cc)C8) of the Bank Holding Company Act and § 225.4(a) of Regulation Y, the Board of Governors has determined...be a proper incident thereto: (a) Insurance premium fundingthat is, the combined sale of mutual funds ‘and insurance. Cb) Underwriting life insurance...

...an investment company registered under that Act" to the list of activities it has determined to be so closely related to banking or managing or controlling banks as to be a proper incident thereto. During the course of the Board's consideration of this amendment several questions arose as to the...

...shall be submitted to the Board in writing, and shall contain evidence that the proposed activity is so closely related to banking or managing or controlling banks as to be a proper incident thereto. (3) Publication. The Board shall publish in the FEDERAL REGISTER notice that it is considering the...

...for determination. Any request for a Board determination that an activity is so closely related tc banking or managing or controlling banks as to be a proper incident thereto, shall be submitted to the Board in writing, and shall contain evidence that the proposed activity is...

...nimbankir,. activities. (a) Closely related nonbanking «• tivities. The activities listed below at so closely related to banking or managing or controlling banks as to be s proper incident thereto and may be engaged in by a bank holding company or a subsidiary thereof in...

...which presently allows bank holding companies to acquire the shares of a company engaged in activities "so closely related to banking or managing or controlling banks as to be a proper incident thereto." In determining whether to allow a bank to engage in any such activity the Federal Reserve Board is...

...company can only go into the business of banking or something so closely related to the business of banking or managing or controlling banks as to be a proper incident thereto; whereas I think it would appear to me that under the proposed administration bill it would clearly...

...Federal Reserve Board. Under this legislation any company acquired by a bank holding company must be "so closely related to banking or managing or controlling banks as to be a proper incident thereto." Thus, the contours of future expansion of multi-corporate banking organizations will be limited. Non-banking...