Which of the Following Transactions Does NOT Require Prior Approval

question 127

Multiple Choice

Which of the following transactions does NOT require prior approval of the Federal Reserve Board?

• A) The formation of a bank holding company
• B) The acquisition by a bank holding company of a subsidiary
• C) The acquisition of 25 percent of voting stock of a bank by another bank, in good faith, in its fiduciary capacity with no power to vote
• D) The acquisition of 25 percent of voting stock of a bank by another bank in its fiduciary capacity for the benefit of the acquiring bank's employees

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Money

A medium of exchange that facilitates the transfer of goods and services.

Buying Power

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Personal Happiness

An individual's general sense of well-being, contentment, and satisfaction with life.

Americans

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