BOK Financial Corp., Tulsa, won Federal Reserve Board approval to underwrite and deal certain securities through a section 20 subsidiary, Alliance Securities Corp.

The $4.5 billion-asset BOK Financial got the nod to underwrite and deal municipal revenue bonds, mortgage-backed securities, equities backed by consumer receiveables, and commercial paper, according to the Fed's April 28 order.

Alliance Securities also may provide securities brokerage and investment advisory services and act as an agent for private placements, the Fed said.

BOK Financial, the largest banking company in Oklahoma, joins 41 other institutions with so-called section 20 securities underwriting powers.

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