Advertisement
YOU ARE HERE: LAT HomeCollectionsSecurities

BRIEFLY

The Fed approved more securities deals for banks.

July 16, 1987

Six big banks received conditional approval to broaden their securities dealing activities, provided a court challenge to such additional powers is settled. The Federal Reserve backed dealing in a new type of security called consumer-receivable-related securities for Los Angeles-based Security Pacific Corp. and for Chemical New York Corp., Chase Manhattan Corp., Citicorp, Bankers Trust New York Corp. and Manufacturers Hanover Corp., all of New York.

Advertisement
Los Angeles Times Articles
|
|
|