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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

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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 The Federal Reserve Board on Thursday announced it has made the joint findings with the Office of the Comptr...
This announcement highlights a common practice in the financial industry where banks seek exemptions to facilitate corporate reorganizations. In this case, Morgan Stanley Bank is requesting an exemption under section 23A of the Federal Reserve Act, which imposes limits and requirements on transactions between a bank and its affiliates. The bank's affiliate involved in this transaction is Morgan Stanley Europe SE, based in Frankfurt am Main, Germany. It is important to note that these types of re...