Which of the Following Transactions Does NOT Require Prior Approval

Which of the following transactions does NOT require prior approval of the Federal Reserve Board?

A) The formation of a bank holding company
B) The acquisition by a bank holding company of a subsidiary
C) The acquisition of 25 percent of voting stock of a bank by another bank, in good faith, in its fiduciary capacity with no power to vote
D) The acquisition of 25 percent of voting stock of a bank by another bank in its fiduciary capacity for the benefit of the acquiring bank's employees