From the Wall Street Journal's Real Time Economics blog:
The Federal Reserve said Monday the transaction involving the requests by Goldman Sachs and Morgan Stanley to become bank holding companies may be done immediately.
The Fed on Monday released two orders related to its late Sunday announcement of approval of the requests by Goldman and Morgan Stanley. In that late Sunday release, the Fed said the decision included a five-day antitrust waiting period. But in the orders Monday, the Fed said the transaction may be consummated immediately...MORE