FDIC Law, Regulations, Related Acts
7500 - FRB Regulations
TABLE OF CONTENTS
FEDERAL RESERVE ACT
11 Reports of assets and liabilities
11A Pricing of services
19(b) Reserve requirements
19(c) Promulgation of rules and regulations respecting maintenance of balances
22(g) Loans to executive officers of banks
22(h) Extensions of credit to executive officers, directors, and principal shareholders of member banks
23A Banking Affiliates Act of 1982
(a) Restrictions on transactions with affiliates
(c) Collateral for certain transactions with affiliates
(e) Rules relating to banks with financial subsidiaries
(f) Rulemaking and additional exemptions
23B Banking affiliates
25A Formation authorized, Fiscal agents depositaries in insular possessions
PART 204RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D)
204.1 Authority, purpose and scope
204.3 Reporting and location
204.4 Computation of required reserves
204.5 Maintenance of required reserves
204.6 Changes for reserve deficiencies
204.7 Supplemental reserve requirement
204.8 International banking facilities
204.9 Emergency reserve requirement
204.10 Payment of interest on balances
204.121 Bankers' banks
204.122 Secondary market activities of International Banking Facilities
204.123 Sale of federal funds by investment companies or trusts in which the entire beneficial interest is held exclusively by depository institutions
204.124 Repurchase agreement involving shares of a money market mutual fund whose portfolio consists wholly of United States Treasury and federal agency securities
204.125 Foreign, international, and supranational entities referred to in §§ 204.2(c)(1)(iv)(E) and 204.8(a)(2)(i)(B)(5)
204.126 Depository institution participation in "federal funds" market
204.127 Nondepository participation in "federal funds" market
204.128 Deposits at foreign branches guaranteed by domestic office of a depository institution
204.130 Eligibility for NOW accounts
204.131 Participation by a depository institution in the secondary market for its own time deposits
204.132 Treatment of loan strip participations
204.133 Multiple savings deposits treated as a transaction account
204.134 Linked time deposits and transaction accounts
204.135 Shifting funds between depository institutions to make use of the low reserve tranche
204.136 Treatment of trust overdrafts for reserve requirement reporting purposes
PART 206LIMITATIONS ON INTERBANK LIABILITIES (REGULATION F)
PART 211INTERNATIONAL BANKING OPERATIONS (REGULATION K)
Subpart AInternational Operations of U.S. Banking Organizations
211.1 Authority, purpose, and scope
211.3 Foreign branches of U.S. banking organizations
211.4 Permissible activities and investments of foreign branches of member banks
211.5 Edge and agreement corporations
211.6 Permissible activities of Edge and agreement corporations in the United States
211.7 Voluntary liquidation of Edge and agreement corporations
211.8 Investments and activities abroad
211.9 Investment procedures
211.10 Permissible activities abroad
211.11 Advisory opinions under Regulation K
211.12 Lending limits and capital requirements
211.13 Supervision and reporting
Subpart BForeign Banking Organizations
211.20 Authority, purpose, and scope
211.22 Interstate banking operations for foreign banking organizations
211.23 Nonbanking activities of foreign banking organizations
211.24 Approval of offices of foreign banks; procedures for applications; standards for approval; representative office activities and standards for approval; preservation of existing authority
211.25 Termination of offices of foreign banks
211.26 Examination of offices and affiliates of foreign banks
211.27 Disclosure of supervisory information to foreign supervisors
211.28 Provisions applicable to branches and agencies: limitation on loans to one borrower
211.29 Applications by state branches and state agencies to conduct activities not permissible for federal branches
211.30 Criteria for evaluating the U.S. operations of foreign banks not subject to consolidated supervision
Subpart CExport Trading Companies
Subpart DInternational Lending Supervision
211.601 Status of certain offices for purposes of the International Banking Act restrictions on interstate banking operations
211.602 Investments by United States banking organizations in foreign companies that transact business in the United States
211.603 Commodity swap transactions
211.604 Data processing activities
211.605 Permissible underwriting activities of foreign banks
PART 215LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND
SHAREHOLDERS OF MEMBER BANKS (REGULATION O)
Subpart ALoans by Member Banks to Their Executive Officers, Directors, and Principal Shareholders
215.1 Authority, purpose, and scope
215.3 Extension of credit
215.4 General prohibitions
215.5 Additional restrictions on loans to executive officers of member banks
215.6 Prohibition on knowingly receiving unauthorized extension of credit
215.7 Extensions of credit outstanding on March 10, 1979
215.8 Records of member banks
215.9 Disclosure of credit from member banks to executive officers and principal shareholders
215.10 Reporting requirement for credit secured by certain bank stock
215.11 Civil penalties
Appendix A to Part 215Section 5200 of the Revised Statutes total loans and extensions of credit
PART 220CREDIT BY BROKERS AND DEALERS (REGULATION T)
220.1 Authority, purpose, and scope
220.3 General provisions
220.4 Margin account
220.5 Special memorandum account
220.6 Good faith account
220.7 Broker-dealer credit account
220.8 Cash account
220.9 Clearance of securities, options, and futures
220.10 Borrowing and lending securities
220.11 Requirements for the list of marginable OTC stocks and the list of foreign margin stocks
220.12 Supplement: Margin requirements
220.132 Credit to brokers and dealers
PART 221CREDIT BY BANKS AND PERSONS OTHER THAN BROKERS OR DEALERS FOR THE PURPOSE OF PURCHASING OR CARRYING MARGIN STOCK (REGULATION U)
221.1 Authority, purpose, and scope
221.3 General Requirements
221.4 Employee stock option, purchase, and ownership plans
221.5 Special purpose loans to brokers and dealers
221.6 Exempted transactions
221.7 Supplement: Maximum loan value of margin stock and other collateral
221.101 Determination and effect of purpose of loan
221.102 Application to committed credit where funds are disbursed thereafter
221.103 Loans to brokers or dealers
221.104 Federal credit unions
221.105 Arranging for extensions of credit to be made by a bank
221.106 Reliance in "good faith" on statement of purpose of loan
221.107 Arranging loan to purchase open-end investment company shares
221.108 Effect of registration of stock subsequent to making of loan
221.109 Loan to open-end investment company
221.110 Questions arising under this part
221.111 Contribution to joint venture as extension of credit when the contribution is disproportionate to the contributor's share in the venture's profits or losses
221.112 Loans by bank in capacity as trustee
221.113 Loan which is secured indirectly by stock
221.114 Bank loans to purchase stock of American Telephone and Telegraph Company under Employees' Stock Plan
221.115 Accepting a purpose statement through the mail without benefit of face-to-face interview
221.116 Bank loans to replenish working capital used to purchase mutual fund shares
221.117 When bank in "good faith" has not relied on stock as collateral
221.118 Bank arranging for extension of credit by corporation
221.119 Applicability of plan-lender provisions of financing of stock options and stock purchase rights qualified or restricted under Internal Revenue Code
221.120 Allocation of stock collateral to purpose and nonpurpose credits to same customer
221.121 Extension of credit in certain stock option and stock purchase plans
221.122 Applicability of margin requirements to credit in connection with Insurance Premium Funding Programs
221.123 Combined credit for exercising employees stock options and paying income taxes incurred as a result of such exercise
221.124 Purchase of debt securities to finance corporate takeovers
221.125 Credit to brokers and dealers
PART 223TRANSACTIONS BETWEEN MEMBER BANKS AND THEIR AFFILIATES (REGULATION W)
Subpart A INTRODUCTION AND DEFINITIONS
223.1 Authority, purpose and scope
223.2 What is an "affiliate" for purposes of sections 23A and 23B and this part?
223.3 What are the meanings of the other terms used in sections 23A and 23B and this part?
Subpart B General Provisions of Section 23A
223.11 What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?
223.12 What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?
223.13 What safety and soundness requirement applies to covered transactions?
223.14 What are the collateral requirements for a credit transaction with an affiliate?
223.15 May a member bank purchase a low-quality asset from an affiliate?
223.16 What transactions by a member bank with any person are treated as transactions with an affiliate?
Subpart C Valuation and Timing Principles Under Section 23A
223.21 What valuation and timing principles apply to credit transactions?
223.22 What valuation and timing principles apply to asset purchases?
223.23 What valuation and timing principles apply to purchases of and investments in securities issued by an affiliate?
223.24 What valuation principles apply to extensions of credit secured by affiliate securities?
Subpart D Other Requirements Under Section 23A
223.31 How does section 23A apply to a member bank's acquisition of an affiliate that becomes an operating subsidiary of the member bank after the acquisition?
223.32 What rules apply to financial subsidiaries of a member bank?
223.33 What rules apply to derivative transactions?
Subpart E Exemptions from the Provisions of Section 23A
223.41 What covered transactions are exempt from the quantitative limits and collateral requirements?
223.42 What covered transactions are exempt from the quantitative limits, collateral requirements, and low-quality asset prohibition?
223.43 What are the standards under which the Board may grant additional exemptions from the requirements of section 23A?
Subpart F General Provisions of Section 23B
223.51 What is the market terms requirement of section 23B?
223.52 What transactions with affiliates or others must comply with section 23B's market terms requirement?
223.53 What asset purchases are prohibited by section 23B?
223.54 What advertisements and statements are prohibited by section 23B?
223.55 What are the standards under which the Board may grant exemptions from the requirements of section 23B?
223.56 What transactions are exempt from the market-terms requirement of section 23B?
Subpart G Application of Sections 23A and 23B to U.S. Branches and Agencies of Foreign Banks
Subpart H Miscellaneous Interpretations
Subpart I Savings Associations Transactions with Affiliates
PART 224BORROWERS OF SECURITIES CREDIT (REGULATION X)
Bank Holding Company Act of 1956
1. Short Title
(a) Bank holding company
(b) Company; company covered in 1970
(c) Bank defined
(g) Ownership and control
(h) Extraterritorial effect
(i) Thrift institution
(j) Definition of savings association and related terms
(l) Savings bank holding company
(n) Incorporated definitions
(o) Other definitions
(p) Financial holding company
(q) Insurance company
3. Acquisition of Bank Shares or Assets
(a) Prior approval of Board as necessary; exceptions; subsequent approval or disposition upon disapproval
(b) Notice and hearing requirements; waiver in case of bank in danger of closing
(c) Factors for consideration by Board
(d) Interstate banking
(e) Insured depository institution
(g) Mutual bank holding company
4. Interests in Nonbanking Organizations
(a) Ownership or control of voting shares of any company not a bank; engagement in activities other than banking
(b) Statement purporting to represent shares of any company except a bank or bank holding company
(d) Exemption of company controlling one bank prior to July 1, 1968
(e) Divestiture of nonexempt shares
(f) Certain companies not treated as bank holding companies
(g) Limitations on certain banks
(h) Tying provisions
(i) Acquisition of savings associations
(j) Notice procedures for nonbanking activities
(k) Engaging in activities that are financial in nature
(l) Conditions for engaging in expanded financial activities
(m) Provisions applicable to financial holding companies that fail to meet certain requirements
(n) Authority to retain limited nonfinancial activities and affiliations
(o) Regulation of certain financial holding companies
(a) Registration of bank holding company
(b) Regulations and orders
(c) Reports and examinations
(d) Reports to the Congress; recommendations
(e) Enforcement and jurisdiction
(f) Powers of Board respecting applications, examinations, or other proceedings
(g) Authority of state insurance regulator and the securities and exchange commission
7. Reservation of rights to States
(a) In general
(b) State taxation authority not affected
(a) Criminal penalty
(b) Civil money penalty
(c) Notice under this section after separation from service
(d) Penalty for failure to make reports
9. Judicial Review
11. Saving Provision
(a) General rule
(b) Antitrust review;
(c) Antitrust proceedings; Board and State banking agency as party; representation by counsel
(d) Treatment of merger transactions consummated prior or subsequent to May 9, 1956, and not in litigation prior to July 1, 1966
(e) Antitrust litigation; substantive law applicable to proceedings pending on or after July 1, 1966, with respect to merger transactions
(f) "Antitrust laws" defined
105 Acquisition of subsidiary and tying arrangement; Federal Reserve Board proceedings; application for authorization; competitor or as party interest and person aggrieved; judicial review
618 Securities holding companies
13 Prohibitions on proprietary trading and certain relationships with hedge Funds and private equity funds
14 Concentration limits on large financial firms
106(b) Certain tying arrangements; prohibited; correspondent accounts
106(c) Jurisdiction of courts; duty of United States attorneys; equitable proceedings; petition; expedition of cases; temporary restraining orders; bringing in additional parties; subpenas
106(d) Actions by United States; subpenas for witnesses
106(e) Civil actions by persons injured; jurisdiction and venue; amount of recovery
106(f) Injunctive relief for persons against threatened loss or damages; equitable proceedings; preliminary injunctions
106(g) Limitation of actions; suspension of limitations
106(h) Actions under other Federal or State laws unaffected; regulations or orders barred as a defense
Part 225Bank Holding Companies And Change in Bank Control (Regulation Y)
Subpart AGeneral Provisions
225.1 Authority, purpose, and scope
225.4 Corporate practices
225.5 Registration, reports, and inspections
225.6 Penalties for violations
225.7 Exceptions to tying restrictions
225.8 Capital Planning
225.9 Control over securities
Subpart BAcquisition of Bank Securities or Assets
225.11 Transactions requiring Board approval
225.12 Transactions not requiring Board approval
225.13 Factors considered in acting on bank acquisition proposals
225.14 Expedited action for certain bank acquisitions by well-run bank holding companies
225.15 Procedures for other bank acquisition proposals
225.16 Public notice, comments, hearings, and other provisions governing applications and notices
225.17 Notice procedure for one-bank holding company formations
Subpart CNonbanking Activities and Acquisitions by Bank Holding Companies
225.21 Prohibited nonbanking activities and acquisitions; exempt bank holding companies
225.22 Exempt nonbanking activities and acquisitions
225.23 Expedited action for certain nonbanking proposals by well-run bank holding companies
225.24 Procedures for other nonbanking proposals
225.25 Hearings, alteration of activities, and other matters
225.26 Factors considered in acting on nonbanking proposals
225.27 Procedures for determining scope of nonbanking activities
225.28 List of permissible nonbanking activities
Subpart DControl and Divestiture Proceedings
Subpart EChange in Bank Control
Subpart FLimitations on Nonbank Banks
Subpart GAppraisal Standards for Federally Related Transactions
225.61 Authority, purpose, and scope
225.63 Appraisals required; transactions requiring a state certified or licensed appraiser
225.64 Minimum appraisal standards
225.65 Appraiser independence
225.66 Professional association membership; competency
Subpart HNotice of Addition or Change of Directors and Senior Executive Officers
Subpart IFinancial Holding Companies
225.81 What is a financial holding company?
225.82 How does a bank holding company elect to become a financial holding company?
225.83 What are the consequences of failing to continue to meet applicable capital and management requirements?
225.84 What are the consequences of failing to maintain a satisfactory or better rating under the Community Reinvestment Act at all insured depository institution subsidiaries?
225.85 Is notice to or approval from the Board required prior to engaging in a financial activity?
225.86 What activities are permissible for any financial holding com- pany?
225.87 Is notice to the Board required after engaging in a financial activity?
225.88 How to request the Board to determine that an activity is financial in nature or incidental to a financial activity?
225.89 How to request approval to engage in an activity that is complementary to a financial activity?
225.90 What are the requirements for a foreign bank to be treated as a financial holding company?
225.91 How may a foreign bank elect to be treated as a financial holding company?
225.92 How does an election by a foreign bank become effective?
225.93 What are the consequences of a foreign bank failing to continue to meet applicable capital and management requirements?
225.94 What are the consequences of an insured branch or depository institution failing to maintain a satisfactory or better rating under the Community Reinvestment Act?
225.101 Bank holding company's subsidiary banks owning shares of nonbanking companies
225.102 Bank holding company indirectly owning nonbanking company through subsidiaries
225.103 Bank holding company acquiring stock by dividends, stock splits or exercise of rights
225.104 "Services" under section 4(c)(1) of Bank Holding Company Act
225.107 Acquisition of stock in small business investment company.
225.109 "Services" under section 4(c)(1) of Bank Holding Company Act
225.111 Limit on investment by bank holding company system in stock of small business investment companies
225.112 Indirect control of small business concern through convertible debentures held by small business investment company
225.113 Services under section 4(a) of Bank Holding Company Act
225.115 Applicability of Bank Service Corporation Act in certain bank holding company situations
225.118 Computer services for customers of subsidiary banks
225.121 Acquisition of Edge corporation affiliate by State member banks of registered bank holding company
225.122 Bank holding company ownership of mortgage companies
225.123 Activities closely related to banking
225.124 Foreign bank holding companies
225.125 Investment adviser activities
225.126 Activities not closely related to banking
225.127 Investment in corporations or projects designed primarily to promote community welfare
225.129 Activities closely related to banking
225.130 Issuance and sale of short-term debt obligations by bank holding companies
225.131 Activities closely related to banking
225.132 Acquisition of assets
225.133 Computation of amount invested in foreign corporations under general consent procedures
225.134 Escrow arrangements involving bank stock resulting in a violation of the Bank Holding Company Act
225.136 Utilization of foreign subsidiaries to sell long-term debt obligations in foreign markets and to transfer the proceeds to their United States parent(s) for domestic purposes
225.137 Acquisition of shares pursuant to section 4(c)(6) of the Bank Holding Company Act
225.138 Statement of policy concerning divestitures by bank holding companies
225.139 Presumption of continued control under section 2(g)(3) of the Bank Holding Company Act
225.140 Disposition of property acquired in satisfaction of debts previously contracted
225.141 Operations subsidiaries of a bank holding company
225.142 Statement of policy concerning bank holding companies engaging in futures, forward and options contracts on U.S. Government and agency securities and money market instruments
225.143 Policy statement on nonvoting equity investments by bank holding companies
225.145 Limitations established by the Competitive Equality Banking Act of 1987 on the activities and growth of nonbank banks
Subpart JMerchant Banking Investments
225.170 What type of investments are permitted by this subpart, and under what conditions may they be made?
225.171 What are the limitations on managing or operating a portfolio company held as a merchant banking investment?
225.172 What are the holding periods permitted for merchant banking investments?
225.173 How are investments in private equity funds treated under this subpart?
225.174 What aggregate thresholds apply to merchant banking investments?
225.175 What risk management, record keeping and reporting policies are required to make merchant banking investments?
225.176 How do the statutory cross marketing and sections 23A and B limitations apply to merchant banking investments?
Subpart KProprietary Trading and Relationships With Hedge
and Private Equity Funds
225.181 Conformance period for banking entities engaged in prohibited proprietary trading or private fund activities
225.182 Conformance period for nonbank financial companies supervised by the Board engaged in proprietary trading or private fund activities
Subpart LConditions to Orders
Subpart MMinimum Requirements for Appraisal Management Companies
225.190 Authority, purpose, and scope
225.192 Appraiser panelannual size calculation
225.193 Appraisal management company registration
225.194 Ownership limitations for State registered appraisal management companies
225.195 Requirements for Federally regulated appraisal management companies
225.196 Information to be presented to the Appraisal Subcommittee by participating States
Appendices to Subparts
Appendix ACapital Adequacy Guidelines for Bank Holding Companies: Risk-Based Measure
Appendix CSmall Bank Holding Company and Savings and Loan Holding Company Policy Statement
Appendix FInteragency Guidelines Establishing Informational Security Standards
Supplement A to Appendix FInteragency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice
Part 265Rules Regarding Delegation of Authority
265.1 Authority, purpose, and scope
265.2 Delegation of functions generally
265.3 Board review of delegated actions
265.4 Functions delegated to Board Members
265.5 Functions delegated to Secretary of the Board
265.6 Functions delegated to General Counsel
265.7 Functions delegated to Director of Division of Banking Supervision and Regulation
265.8 Functions delegated to the Staff Director of Division of International Finance
265.9 Functions delegated to the Director of Division of Consumer and Community Affairs
265.10 Functions delegated to Secretary of Federal Open Market Committee
265.11 Functions delegated to Federal Reserve banks