Proposal to amend Regulation Y. (Announcements).The Federal Reserve Board on March 11, 2003, requested public comment on a proposal to modify a condition in the Board's Regulation Y (Bank Holding Companies and Change in Bank Control) in order to allow bank holding companies engaged in permissible per·mis·si·ble adj. Permitted; allowable: permissible tax deductions; permissible behavior in school. per·mis derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. activities to transfer title to commodities underlying derivative derivative: see calculus. derivative In mathematics, a fundamental concept of differential calculus representing the instantaneous rate of change of a function. contracts on an instantaneous in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. , pass-through basis. The Board will publish its proposed rule in the Federal Register shortly. Comment was requested by April 21, 2003. |
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