[Federal Register Volume 85, Number 87 (Tuesday, May 5, 2020)]
[Notices]
[Page 26689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09561]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities; Extension of Comment Period

    The company listed in this notice provided notice to the Board 
under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC 
Act) and Regulation Y (12 CFR part 225) to acquire or control voting 
securities of a company, including the companies listed below, that 
engages either directly or through a subsidiary or other company, in a 
nonbanking activity that is listed in section 225.28 of Regulation Y 
(12 CFR 225.28), that the Board has determined by Order to be closely 
related to banking and permissible for bank holding companies, or that 
is otherwise permissible for financial holding companies. Unless 
otherwise noted, these activities will be conducted throughout the 
United States.
    The notice is available for inspection at the Federal Reserve Bank 
indicated. The public record of the notice, including all comments 
received also will be available on the Board's website at https://www.federalreserve.gov/foia/readingrooms.htm. Interested persons may 
express their views in writing on the question whether the proposal 
complies with the standards of section 4 of the BHC Act.
    The comment period for this notice has been extended in light of 
ongoing challenges for households and businesses caused by the COVID-19 
emergency in order to provide additional opportunity for interested 
persons to submit comments. Comments regarding the notice must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors, Ann E. Misback, Secretary of the Board, 20th Street and 
Constitution Avenue NW, Washington DC 20551-0001; or https://www.federalreserve.gov/apps/ContactUs/feedback.aspx, not later than 
June 4, 2020.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice 
President) 33 Liberty Street, New York, New York 10045-0001. Comments 
can also be sent electronically to [email protected]:
    1. Morgan Stanley, New York, New York; to acquire E*TRADE Financial 
Corporation, and thereby indirectly acquire E*TRADE Bank and E*TRADE 
Savings Bank, all of Arlington, Virginia, pursuant to Section 4 of the 
BHC Act.

    Board of Governors of the Federal Reserve System.
Ann Misback,
Secretary of the Board.
[FR Doc. 2020-09561 Filed 5-4-20; 8:45 am]
 BILLING CODE P