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7/26/24, 4:27 PM FRB: Press Release -- Joint agency letter to SEC on broker-dealer exemptions --July 2 Release Date: July 2, 2001 For immediate release The Federal Reserve Board is joining the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation in a letter to the Securities and Exchange Commission (SEC) concerning the SEC’s interim final rules to implement provisions of the Gramm-Leach-Bliley Act that provide specific exemptions from the broker and dealer definitions that permit banks to continue providing trust and fiduciary, and other specified traditional banking products and services. The agencies’ comment letter and appendix are attached. Letter (111 KB PDF) Appendix to letter (219 KB PDF) 2001 Banking and consumer regulatory policy Home | News and events Accessibility Last update: July 2, 2001 https://www.federalreserve.gov/boarddocs/press/general/2001/20010702/default.htm 1/1