BOSTON--Bank of Boston Corp. said the Federal Reserve Bank of Boston has lifted restrictions imposed two years ago, reflecting improving results at New England's second-largest banking company.

The restrictions, in a memorandum of understanding disclosed in September 1991, required, among other things, regulatory approval to pay stock dividends and carry out certain intracompany transactions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.