A broker-dealer authorized to engage in securities underwriting, dealing, or market-making may, under certain circumstances, be acquired by a bank holding company, by a foreign bank subject to the Bank Holding Company Act, or by a state member bank. The resulting subsidiaries and the institutions owning them are listed here under the following categories:
Section 20 Subsidiaries
As of March 31, 2011
| Section 20 subsidiary | Parent organization | FR District | Date of initial approval |
|---|---|---|---|
| BBVA Securities, Inc. | Banco Bilbao Vizcaya Argentaria, S.A. | Atlanta | 3/1998 |
Section 4(k)(4)(E) Securities Subsidiaries
As Of December 19, 2013
Financial Subsidiaries (Securities) of State Member Banks
As of March 31, 2011
| Financial Subsidiaries of State Member Banks | Parent Bank | FR District |
|---|---|---|
| Comerica Securities, Inc. | Comerica Bank | Dallas |
| Fifth Third Securities, Inc. | Fifth Third Bank | Cleveland |