---
kind: "section"
citation: "12 C.F.R. § 225.126"
title: "12"
number: "225.126"
heading: "Activities not closely related to banking."
url: "https://uscodex.org/cfr/12/225.126"
---

# §225.126. Activities not closely related to banking.


Pursuant to section 4(c)(8) of the Bank Holding Company Act and [§ 225.4(a)](/cfr/12/225.4.md?p=a) of Regulation Y, the Board of Governors has determined that the following activities are not so closely related to banking or managing or controlling banks as to be a proper incident thereto:

- (a) **Insurance premium funding—** that is, the combined sale of mutual funds and insurance.
- (b) Underwriting life insurance that is not sold in connection with a credit transaction by a bank holding company, or a subsidiary thereof.
- (c) **Real estate brokerage (see 1972 Fed.** Res. Bulletin 428).
- (d) **Land development (see 1972 Fed.** Res. Bulletin 429).
- (e) **Real estate syndication.**
- (f) **Management consulting (see 1972 Fed.** Res. Bulletin 571).
- (g) **Property management (see 1972 Fed.** Res. Bulletin 652).

## Notes

### Amendments

[Reg. Y, 37 FR 20329, Sept. 29, 1972; 37 FR 21938, Oct. 17, 1972, as amended at 54 FR 37302, Sept. 8, 1989]

### Source

Source: Reg. Y, 66 FR 415, Jan. 3, 2001, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1817(j)(13), 1818, 1828(o), 1831i, 1831p-1, 1843(c)(8), 1844(b), 1972(1), 3106, 3108, 3310, 3331-3351, 3354, 3906, 3907, and 3909; 15 U.S.C. 1681s, 1681w, 6801 and 6805.

### Source

Source: Reg. Y, 49 FR 818, Jan. 5, 1984, unless otherwise noted.

### Amendments

[Reg. Y, 37 FR 20329, Sept. 29, 1972; 37 FR 21938, Oct. 17, 1972, as amended at 54 FR 37302, Sept. 8, 1989]