Question

- Which would provide a bank holding company with guidance on the types of nonbanking activities it can engage in?

- Interstate Banking and Branching Efficiency Act
- Regulation Q
- Regulation Y
- No guidance is needed as there are no restrictions on nonbanking activities

Step 1

Bank Holding Companies are governed by Bank Holding Company Act (BHC Act) of 1956, which gives Federal Reserves the authority to govern and structure, according to which a company in the US can own a bank. Both banking...

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