Legal, Compliance and Administration

September 30, 1996

SIA Submits Comments to the Federal Reserve on Revenue Limits Applicable to Certain Bank Holding Company Subsidiaries

The Securities Industry Association (SIA)* provides comments to the Board of Governors of the Federal Reserve System on the release, Revenue Limit on Bank-Ineligible Activities of Subsidiaries of Bank Holding Companies Engaged in Underwriting and Dealing Securities, Docket No. R-0841.  The Board proposes to increase the revenue limit from 10 percent to 25 percent.  SIA offers its observations and recommendations regarding the proposal.


*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.



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