WASHINGTON - The Federal Reserve Board proposed Thursday to ease restrictions on the amount of securities banks can underwrite through broker-dealer affiliates.

The move was prompted because a couple of banks - believed to be J.P. Morgan & Co. and Bankers Trust New York Corp. - were in danger of exceeding limits on the underwriting of certain securities.

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.