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Federal R eserve Bank OF DALLAS W IL L IA M H. W ALLACE DALLAS, TEXAS 75222 FIRST VIC E PR ES ID ENT AN D CH IE F O PER ATIN G O FFIC ER February 1, 1989 Circular 89-5 TO: The Chief Executive Officer of all member banks and others concerned in the Eleventh Federal Reserve District SUBJECT Notice o f hearing regarding Regulation Y - Bank Holding Companies DETAILS The Federal Reserve Board has extended until April 28, 1989, the public comment period regarding its proposal to rescind a provision of Regulation Y. The proposal permits holding company state banks to acquire shares of nonbank companies engaged in activities that the bank may conduct directly. The Board also has postponed the informal hearing regarding this matter from February 3, 1989, until April 7, 1989. Information on this hearing is contained in our Circular Mo. 88-91, dated December 22, 1988. The location of the informal hearing remains Dining Room E, fifth floor of the Board's Martin Building, 20th and C Streets, N.W., Washington, D.C. The hearing will begin at 10 a.m. This action is being taken at the request of a number of commenters who want to insure that a full opportunity for interested persons to comment on the proposal in writing or at the hearing exists. MORE INFORMATION For further information, please contact the Dallas Fed's Legal Department at (214) 651-6228. Sincerely yours, For additional copies of any circular please contact the Public Affairs Departm ent at (214) 6 51 -6 2 89 . Banks and others are encouraged to use the following incoming W A TS numbers in contacting this Bank (800) 4 4 2 -7 1 4 0 (intrastate) and (800) 5 2 7 -9 2 0 0 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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