Revisions Regarding Tying Restrictions — 1994-08-04 [94-18723]

The Board is seeking public comment on a proposed amendment to the anti-tying provisions of Regulation Y. The proposed amendment would permit a bank holding company or its nonbank subsidiary to discount any of its products or services on condition that a customer obtain another product or service from that company or subsidiary or from any of its nonbank affiliates, provided that all products offered in the package arrangement are separately available for purchase. This exception would not apply when any product in the arrangement is offered by a bank. The board believes that this will increase the efficiency with which banking organizations can deliver banking services.