Full text of Federal Reserve Bank of New York Circulars : 9782. Regulation Y

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FEDERAL RESERVE BANK
OF N E W Y O R K

[

Circular No. 9782 ~j
December 28, 1984 J

REGULATION Y
Extension of Deadline for Compliance and Registration by
Certain Bank Holding Companies

T o A l l B a n k H o ld in g C o m p a n ie s , a n d O th e r s C o n c e r n e d ,
in th e S e c o n d F e d e r a l R e s e r v e D is tr ic t:

The following statement has been issued by the Board of Governors of the Federal Reserve
System:
The Federal Reserve Board has announced that it has extended the date for registration by
companies that became bank holding companies as a result of the definition of the term “bank” in the
Board’s revisions to Regulation Y, which became effective on February 6, 1984. The extension will be
effective until legal issues regarding the “bank” definition are resolved by Congress or the courts.
The Board similarly extended the grace period for compliance with the Bank Holding Company
Act that it granted upon request of certain companies that acquired banks prior to December 10, 1982.
The Board had previously extended the registration date until December 31, 1984.

Printed on the reverse side is the text of the Board’s order in this matter. Questions thereon may
be directed to our Domestic Banking Applications Department (Tel. No. 212-791-5861).




A nthony M. Solomon,
President.

(OVER)

FEDERAL RESERVE SYSTEM

Order Extending Registration Date
for Certain Bank Holding Companies
The

Board

is

hereby

extending

the

date

for

registration by companies that became bank holding companies as
a result of the definition of the term "bank" in the Board's
revisions

to

Regulation

February 6, 1984.
continued

Y,

which

became

effective

on

This action is being taken in view of the

uncertainty of Congressional

regarding the bank definition.

and

judicial action

The extension will be effective

until legal issues regarding the "bank" definition are resolved
by Congress or the courts.

The Board similarly is extending

the grace period for compliance with the Bank Holding Company
Act

that it granted upon request of certain companies that

acquired banks prior to December 10, 1982.
This action represents a continuation of the Board's
previous action on July 10/ 1984 extending the registration
date until December 31* 1984.
By order

of

the Board

of Governors,-^

effective

December 20, 1984.

(signed) William W. W3les
[SEAL]

Wnlliam W. Wiles
Secretary of the Board

Jk/ Voting for this actions
Chairman Volcker and Governors
Martin, Wallich, Partee, Rice, Gramley, and Seger.