Permissible Securities Activities of Commercial Banks Under the Glass-Steagall Act (GSA) and the Gramm-Leach-Bliley Act (GLBA)

Carpenter, David H. ; Murphy, M. Maureen

Library of Congress. Congressional Research Service.

关键词: Banks and banking;    Banking law;    Securities;    Securities regulation;   

RP-ID  :  R41181
RP-ID  :  R41181_2010Apr12

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report explains the extent to which commercial banks, their subsidiaries, and affiliates were able to engage in securities activities, including securities underwriting, dealing, and brokerage, under the authorities of the Glass-Steagall Act (GSA) and other pre-GLBA (Gramm-Leach-Bliley Act) banking laws, most notably the Bank Holding Company Act of 1956 (BHCA; 70 Stat. 133).It also discusses how the volume and scope of these securities activities expanded over time, and how the GLBA changed the GSA construct by facilitating affiliations among commercial banks and securities firms..