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Comment Letter by Federal Reserve Board, FDIC and Comptroller of the Currency, to SEC on 'Push-Out' Rules Affecting Banks' Employee Benefits Businesses (PDF)
Federal Reserve Board, FDIC and Comptroller of the Currency
July 3, 2001
49 page exhibit to June 29, 2001 letter. Excerpt: Of greatest concern to the Banking Agencies are the provisions of the Interim Final Rules that implement the statutory exception for traditional trust and fiduciary activities of banks ... We believe many of these provisions are inconsistent with the language of the GLB Act and are based on a flawed view of the purposes of the Exception.
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