The Federal Reserve board has given the public an extra month to comment on a controversial proposal to impose funding restrictions on bank operating subsidiaries.

Comments now are due Oct. 3 on the plan, which would apply sections 23a and 23b of the Federal Reserve Act to transactions between banks and subsidiaries engaged in activities that their parents may not undertake.

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.