Permissible Nonbank Activities Law and Legal Definition
Permissible nonbank activities refer to activities in which a bank holding company may engage that are not retail banking activities. These activities are close enough that the Federal Reserve permits the same. Bank holding companies can either engage in these businesses directly or through subsidiary firms. For example, insurance, the secondary market for mortgages, and investment banking.
Legal Definition list
Related Legal Terms
- Activities of Daily Living (Elder Law)
- Aeronautical and Space Activities
- AMRAP Activities
- Brokering Activities [Foreign Relations]
- Civic and Cultural Activities
- Conference and Communication Activities
- Cultural Activities
- Educational Activities
- Employee in Fire Protection Activities
- Environmental Mitigation Activities
