Lehman held talks with regulators over a plan to convert to a traditional bank holding company in July.
At the same time it asked the Fed to loosen the rules by which it extends credit in order to include more types of collateral, according to sources close to the firm's discussions with the Fed.
Lehman also held a round of meetings that month with Bank of America over a potential takeover, and considered selling itself to other banks including Morgan Stanley, HSBC and Nomura before it eventually filed for bankruptcy.
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