LS-1097: TREASURY APPROVES PROPOSED RULE FOR FINANCIAL <script type="text/javascript"> var wmNotice = "UNT Web Archive - External links, forms, and search boxes may not function within this collection. Url: http://www.treas.gov/press/releases/ls1097.htm time: 12:54:58 Jan 15, 2009"; var wmHideNotice = "hide"; var contextRoot = "https://webarchive.library.unt.edu/eot2008/"; </script> <script type="text/javascript" src="https://webarchive.library.unt.edu/eot2008/js/disclaim.js"></script> <br>SUBSIDIARIES TO ACT AS REAL ESTATE BROKERS



	FROM THE OFFICE OF PUBLIC AFFAIRS December 22, 2000 LS-1097 TREASURY APPROVES PROPOSED RULE FOR FINANCIAL SUBSIDIARIES TO ACT AS REAL ESTATE BROKERS The Treasury Department yesterday approved a rule proposal seeking public comment on whether to determine that real estate brokerage and real estate management activities are financial in nature or incidental to a financial activity and therefore permissible for financial subsidiaries of national banks. Comments are due by March 2, 2001. The proposed rule will be published jointly with the Federal Reserve Board. The Board has approved issuance of the proposed rule for financial holding companies. Publication in the Federal Register is expected soon.