Fed Puts Banks' Commodity Biz Limits On The Table

Law360, New York (January 14, 2014, 6:01 PM EST) -- The Federal Reserve on Tuesday asked the public to weigh in on whether it should limit banks' ability to engage in physical commodity activities, the latest sign that the central bank is poised to scale back its controversial presence in energy and other commodity sectors.

In an advance notice of public rulemaking, the Fed said it's reviewing the scope of commodity activities it has permitted banks to engage in under the Bank Holding Company Act to ensure they remain complementary to a financial activity and don't...
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