Full text of Federal Reserve Bank of New York Circulars : 8311. Proposal to Permit Bank Holding Companies to Sell Money Orders, Travelers Checks, U.S. Savings Bonds, and Consumer Financial Management Courses

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BANK
OF NEW YORK

[

Circular No. 8 3 1 1
March 81, 1978

PROPOSAL TO PERMIT BANK HOLDING COMPANIES
TO SELL MONEY ORDERS, TRAVELERS CHECKS, U S. SAVINGS
BONDS, AND CONSUMER FINANCIAL MANAGEMENT COURSES
Extension of Time lor Comment on Proposal to Amend Regulation Y
To All Bank Holding Companies, and Others Concerned,
in the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System has announced an extension of the time in which
to subm it comments on a proposal to amend its Regulation Y “Bank Holding Companies” to permit bank
holding companies and their nonbank subsidiaries to sell money orders, travelers checks, U.S. Savings
Bonds, and consumer-oriented financial management courses.
m

The text of the proposal to amend Regulation Y was sent to you with our Circular No. 8284, dated
February 23,1978. Comments on the proposal may now be submitted until April 13,1978, and may be sent to
our Domestic Banking Applications Department.




P aul A. V olcker .
President.