Press Release
March 26, 2026
Federal Reserve Board announces it has made the joint findings with the Office of the Comptroller of the Currency required for the OCC to approve a request by Morgan Stanley Bank, N.A., for an exemption under section 23A of the Federal Reserve Act
For release at 5:00 p.m. EDT
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The Federal Reserve Board on Thursday announced it has made the joint findings with the Office of the Comptroller of the Currency (OCC) required for the OCC to approve a request by Morgan Stanley Bank, N.A., of Salt Lake City, Utah, for an exemption under section 23A of the Federal Reserve Act. Section 23A establishes limits and imposes requirements on a bank's transactions with its affiliates. The bank submitted the request in order to engage in an internal corporate reorganization involving its affiliate, Morgan Stanley Europe SE, Frankfurt am Main, Germany.
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Order (PDF)
Statement by Vice Chair Philip N. Jefferson
Statement by Vice Chair for Supervision Michelle W. Bowman
Statement by Governor Michael S. Barr
Statement by Governor Lisa D. Cook
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Federal Reserve (2026, March 25). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20260326_federal_reserve_board_announces_it_has_made_the
@misc{wtfs_press_release_20260326_federal_reserve_board_announces_it_has_made_the,
author = {Federal Reserve},
title = {Press Release},
year = {2026},
month = {Mar},
howpublished = {Press Releases, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/press_release_20260326_federal_reserve_board_announces_it_has_made_the},
note = {Retrieved via When the Fed Speaks corpus}
}