SUB LIMITS: Proposal by the Federal Reserve Board to limit transactions between banks and subsidiaries that are engaged in activities the parent may not undertake. Expected to be published shortly. Comments due Sept. 3.
FOREIGN BRANCHES: Proposal by the Federal Deposit Insurance Corp. to exempt well-run, well-capitalized institutions from filing applications to open foreign branches or make foreign investments. The plan also would allow FDIC-regulated banks to invest and trade government securities of countries in which they do not have a branch. To be published shortly. Comments due 60 days later.