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Holding has integrated his ranching operation, purchasing two feedlots in Wyoming to fatten his own cattle.
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In addition to purchasing mortgage-backed securities, the committee said Operation Twist, the bond swapping program, will be extended through the end of the year and its forward guidance through 2015.
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The bank said in a statement that the decision to close the High Street advice operation "reflects the emerging trend that customers are increasingly purchasing and managing their investments online".
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Expectations are that with a new asset-purchasing program, the Fed will match the size and pace of Operation Twist, but that Treasury purchases will be spread across the yield curve, said Nomura.
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