Abstract: This rulemaking adds safety and soundness standards to govern
insured State nonmember banks that engage in the public sale,
distribution or underwriting of stocks, bonds, debentures, notes or
other securities through a subsidiary if those activities are
permissible for a national bank subsidiary but are not permissible for
the national bank itself. In addition, the rulemaking requires that
insured State nonmember banks file a notice before commencing any
activities permissible for the parent national bank itself.