Means they have the full backing of the FED just like a normal bank. Extremely bullish for both shares they will survive now.
They will be able to open reg. bank accounts for clients with FDIC insurance. Plus, with the banking, they will have a continuos flow of depositors money.
Just saw a headline on DJ : "NY Fed to extend credit to Goldman, MS & ML" Why this had to happen on a Sunday night, i don't know....