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Permissiable nonbank activities

Definition: [crh] Financial activities closely related to banking that may be engaged in by bank holding companies (BHCs), eitDefinition: her directly or through nonbank subsidiaries. For example, a BHC might own finance companies or engage in mortgage banking. The Federal Reserve Board determines which Definition: activities are closely related to banking. Before making such activities permissible, the Board must determine that performance of the activities by bank holding companies is in the public interest.

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