The Federal Reserve Board is expected Friday to free commercial banks to earn more money from securities underwriting.

The Fed will vote on a July 31 proposal to increase to 25%, from 10%, the amount of underwriting revenue bank section 20 units may earn. All seven members of the Fed's board have previously expressed support for the plan, which could take effect early next year.

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.