{"abstract":"The Board of Governors of the Federal Reserve System and the Secretary of the Treasury jointly adopt on an interim basis, effective March 17, 2000, and solicit comment on a rule that will govern merchant banking investments made by financial holding companies. This rule implements provisions of the recently enacted Gramm-Leach-Bliley Act (GLB Act) that permit financial holding companies to make investments as part of a bona fide securities underwriting or merchant or investment banking activity. A summary of the rule appears below in the executive summary in the SUPPLEMENTARY INFORMATION section.","action":"Interim rule, with request for public comments.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Under Secretary for Domestic Finance"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2000/03/28/00-7147.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"225","title":12},{"chapter":null,"citation_url":null,"part":"1500","title":12}],"citation":"65 FR 16460","comment_url":null,"comments_close_on":"2000-05-22","correction_of":null,"corrections":[],"dates":"The interim rule is effective on March 17, 2000. Comments must be received on both the interim rule and the capital proposal by May 22, 2000.","disposition_notes":null,"docket_ids":["Regulation Y","Docket No. R-1065"],"dockets":[],"document_number":"00-7147","effective_on":"2000-03-17","end_page":16479,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2000/03/28/00-7147.xml","html_url":"https://www.federalregister.gov/documents/2000/03/28/00-7147/bank-holding-companies-and-change-in-bank-control","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/00-7147?publication_date=2000-03-28","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2000-03-28/00-7147/mods.xml","not_received_for_publication":null,"page_length":20,"page_views":{"count":460,"last_updated":"2026-10-23 20:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2000-03-28/pdf/00-7147.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2000-03-28","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2000/03/28/00-7147.txt","regulation_id_number_info":{"1505-AA78":{"issue":"200010","html_url":"https://www.federalregister.gov/regulations/1505-AA78/merchant-banking","title":"Merchant Banking","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200010&RIN=1505-AA78&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1505-AA78"],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":16460,"subtype":null,"title":"Bank Holding Companies and Change in Bank Control","toc_doc":null,"toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Holding companies","Reporting and recordkeeping requirements","Securities"],"type":"Rule","volume":65}