FRB: Press Release--Final rule on Regulation Y (Bank Holding Companies and Change in Bank Control):
For immediate release
The Federal Reserve Board on Thursday announced its approval of a final rule that expands the ability of all bank holding companies, including financial holding companies, to process, store and transmit nonfinancial data in connection with their financial data processing, storage and transmission activities.
The rule will be effective January 8, 2004.
The Board's order is attached."
