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FEDERAL RESERVE ACT / FDIC Law, Regulations, Related Acts
http://www.fdic.gov/regulations/laws/rules/7500-100.html
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7500 - FDIC FRB Regulations / {{12-31-07 p.7501}}
TABLE OF CONTENTS
FEDERAL RESERVE ACT
SEC. 11 Reports of assets and liabilities 7509
SEC. 11A Pricing of services 7510
SEC. 19(b) Reserve requirements 7510.01
SEC. 19(c) Form of reserves 7512.04
SEC. 22(g) Loans to executive officers of banks 7512.04
SEC. 22(h) Extensions of credit to executive officers, directors, and principal shareholders
of member banks 7512.05
SEC. 23A Banking Affiliates Act of 1982 7512.06-B
(a) Restrictions on transactions with affiliates 7512.06-B
(b) Definitions 7512.06-B
(c) Collateral for certain transactions with affiliates 7512.09
(d) Exemptions 7512.09
(e) Rules relating to banks with financial subsidiaries 7512.10
(f) Rulemaking and additional exemptions 7512.10
SEC. 23B Restrictions on transactions with affiliates 7512.11
SEC. 25A Banking corporations authorized to do foreign banking business 7513
PART 204—RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
(REGULATION D)
Regulations
SEC. 204.1 Authority, purpose and scope 7571
SEC. 204.2 Definitions 7572
SEC. 204.3 Computation and maintenance 7582
SEC. 204.4 Transitional adjustments in mergers 7586.01
SEC. 204.5 Emergency reserve requirement 7586.01
SEC. 204.6 Supplemental reserve requirement 7586.01
SEC. 204.7 Reserve deficiencies 7586.02
SEC. 204.8 International banking facilities 7586.03
SEC. 204.9 Reserve requirement ratios 7586.05
Interpretations
SEC. 204.121 Bankers' banks 7586.06
SEC. 204.122 Secondary market activities of International Banking Facilities 7586.07
SEC. 204.123 Sale of federal funds by investment companies or trusts in which the
entire beneficial interest is held exclusively by depository institutions 7586.13
SEC. 204.124 Repurchase agreement involving shares of a money market mutual
fund whose portfolio consists wholly of United States Treasury and federal agency
securities 7586.14
SEC. 204.125 Foreign, international, and supranational entities referred to in
§§ 204.2(c)(1)(iv)(E) and 204.8(a)(2)(i)(B)(5) 7586.15
SEC. 204.126 Depository institution participation in ``federal funds'' market 7586.16
SEC. 204.127 Nondepository participation in ``federal funds'' market 7586.16
SEC. 204.128 Deposits at foreign branches guaranteed by domestic office of a
depository institution 7586.17
SEC. 204.129 [Removed]
SEC. 204.130 Eligibility for NOW accounts 7587.18
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SEC. 204.131 Participation by a depository institution in the secondary market
for its own time deposits 7586.19
SEC. 204.132 Treatment of loan strip participations 7586.20
SEC. 204.133 Multiple savings deposits treated as a transaction account 7586.21
SEC. 204.134 Linked time deposits and transaction accounts 7586.22
SEC. 204.135 Shifting funds between depository institutions to make use of the low
reserve tranche 7586.23
SEC. 204.136 Treatment of trust overdrafts for reserve requirement reporting
purposes 7586.25
PART 206—LIMITATIONS ON INTERBANK LIABILITIES (REGULATION F)
SEC. 206.1 Authority, purpose, and scope 7586.31
SEC. 206.2 Definitions 7586.31
SEC. 206.3 Prudential standards 7586.32
SEC. 206.4 Credit exposure 7586.33
SEC. 206.5 Capital levels of correspondents 7586.34
SEC. 206.6 Waiver 7586.35
PART 211—INTERNATIONAL BANKING OPERATIONS (REGULATION K)
Subpart A—International Operations of U.S. Banking Organizations
SEC. 211.1 Authority, purpose, and scope 7612
SEC. 211.2 Definitions 7612
SEC. 211.3 Foreign branches of U.S. banking organizations 7614
SEC. 211.4 Permissible activities and investments of foreign branches of member
banks 7615
SEC. 211.5 Edge and agreement corporations 7616
SEC. 211.6 Permissible activities of Edge and agreement corporations in the
United States 7619
SEC. 211.7 Voluntary liquidation of Edge and agreement corporations 7621
SEC. 211.8 Investments and activities abroad 7621
SEC. 211.9 Investment procedures 7624
SEC. 211.10 Permissible activities abroad 7626
SEC. 211.11 Advisory opinions under Regulation K 7628.01
SEC. 211.12 Lending limits and capital requirements 7628.01
SEC. 211.13 Supervision and reporting 7628.03
Subpart B—Foreign Banking Organizations
SEC. 211.20 Authority, purpose, and scope 7628.04
SEC. 211.21 Definitions 7628.04
SEC. 211.22 Interstate banking operations for foreign banking organizations 7628.06
SEC. 211.23 Nonbanking activities of foreign banking organizations 7628.07
SEC. 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 7628.10
SEC. 211.25 Termination of offices of foreign banks 7628.17
SEC. 211.26 Examination of offices and affiliates of foreign banks 7628.18
SEC. 211.27 Disclosure of supervisory information to foreign supervisors 7628.19
SEC. 211.28 Provisions applicable to branches and agencies: limitation on loans to one
borrower 7628.19
SEC. 211.29 Applications by state branches and state agencies to conduct activities not
permissible for federal branches 7628.19
SEC. 211.30 Criteria for evaluating the U.S. operations of foreign banks not subject to
consolidated supervision 7628.21
{{12-31-07 p.7503}}
Subpart C—Export Trading Companies
SEC. 211.31 Authority, purpose, and scope 7628.22
SEC. 211.32 Definitions 7628.22
SEC. 211.33 Investments and extensions of credit 7628.23
SEC. 211.34 Procedures for filing and processing notices 7628.23
Subpart D—International Lending Supervision
SEC. 211.41 Authority, purpose and scope 7628.24
SEC. 211.42 Definitions 7628.25
SEC. 211.43 Allocated transfer risk reserve 7628.25
SEC. 211.44 Reporting and disclosure of international assets 7630
SEC. 211.45 Accounting for fees on international loans 7630
Interpretations
SEC. 211.601 Status of certain offices for purposes of the International Banking Act
restrictions on interstate banking operations 7631
SEC. 211.602 Investments by United States banking organizations in foreign companies
that transact business in the United States 7632
SEC. 211.603 Commodity swap transactions 7634
SEC. 211.604 Data processing activities 7634.01
SEC. 211.605 Permissable underwriting activities of foreign banks 7634.02
PART 215—LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND PRINCIPAL
SHAREHOLDERS OF MEMBER BANKS (REGULATION O)
Subpart A—Loans by Member Banks to Their Executive Officers, Directors, and
Principal Shareholders
SEC. 215.1 Authority, purpose, and scope 7641
SEC. 215.2 Definitions 7642
SEC. 215.3 Extension of credit 7644
SEC. 215.4 General prohibitions 7646
SEC. 215.5 Additional restrictions on loans to executive officers of member banks 7648
SEC. 215.6 Prohibition on knowingly receiving unauthorized extension of credit 7648.01
SEC. 215.7 Extensions of credit outstanding on March 10, 1979 7648.01
SEC. 215.8 Records of member banks 7649
SEC. 215.9 Disclosure of credit from member banks to executive officers and principal
shareholders 7649
SEC. 215.10 Reporting requirement for credit secured by certain bank stock 7650
SEC. 215.11 Civil penalties 7650
Appendix A to Part 215–Section 5200 of the Revised Statutes total loans and extensions
of credit 7651
Background and summary of Regulation O and FIRA title VIII and IX 7653
Board interpretations of Regulation O 7655
Board rulings and staff opinions interpreting Regulation O 7656.08
PART 217—PROHIBITION AGAINST THE PAYMENT OF INTEREST ON DEMAND
DEPOSITS (REGULATION Q)
SEC. 217.1 Authority, purpose, and scope 7656.31
SEC. 217.2 Definitions 7656.31
SEC. 217.3 Interest on demand deposits 7656.32
Interpretations
SEC. 217.101 Premiums on deposits 7656.32
{{12-31-07 p.7504}}
PART 220—CREDIT BY BROKERS AND DEALERS (REGULATION T)
Regulations
SEC. 220.1 Authority, purpose, and scope 7657
SEC. 220.2 Definitions 7658
SEC. 220.3 General provisions 7661
SEC. 220.4 Margin account 7662
SEC. 220.5 Special memorandum account 7664
SEC. 220.6 Good faith account 7664
SEC. 220.7 Broker-dealer credit account 7665
SEC. 220.8 Cash account 7666
SEC. 220.9 Clearance of securities, options, and futures 7668
SEC. 220.10 Borrowing and lending securities 7668
SEC. 220.11 Requirements for the list of marginable OTC stocks and the list of
foreign margin stocks 7668
SEC. 220.12 Supplement: Margin requirements 7670
SEC. 220.132 Credit to brokers and dealers 7671
Forms
Agreement of Domestic (T–1) and Foreign (T–2) Nonmember Banks (Federal Reserve
Form T–1, T–2) 7672
Statement of Purpose of an Extension of Credit by a Creditor (Federal Reserve
Form T–4) 7674
PART 221—CREDIT BY BANKS AND PERSONS OTHER THAN BROKERS OR
DEALERS FOR THE PURPOSE OF PURCHASING OR CARRYING MARGIN
STOCK (REGULATION U)
SEC. 221.1 Authority, purpose, and scope 7759
SEC. 221.2 Definitions 7760
SEC. 221.3 General Requirements 7762
SEC. 221.4 Employee stock option, purchase, and ownership plans 7764
SEC. 221.5 Special purpose loans to brokers and dealers 7765
SEC. 221.6 Exempted transactions 7766
SEC. 221.7 Supplement: Maximum loan value of margin stock and other collateral 7766
Interpretations
SEC. 221.101 Determination and effect of purpose of loan 7767
SEC. 221.102 Application to committed credit where funds are disbursed thereafter 7767
SEC. 221.103 Loans to brokers or dealers 7767
SEC. 221.104 Federal credit unions 7768
SEC. 221.105 Arranging for extensions of credit to be made by a bank 7768
SEC. 221.106 Reliance in ``good faith'' on statement of purpose of loan 7768
SEC. 221.107 Arranging loan to purchase open-end investment company shares 7769
SEC. 221.108 Effect of registration of stock subsequent to making of loan 7769
SEC. 221.109 Loan to open-end investment company 7769
SEC. 221.110 Questions arising under this part 7769
SEC. 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 7770
SEC. 221.112 Loans by bank in capacity as trustee 7771
SEC. 221.113 Loan which is secured indirectly by stock 7772
SEC. 221.114 Bank loans to purchase stock of American Telephone and Telegraph
Company under Employees' Stock Plan 7773
{{12-31-07 p.7505}}
SEC. 221.115 Accepting a purpose statement through the mail without benefit of
face-to-face interview 7774
SEC. 221.116 Bank loans to replenish working capital used to purchase mutual
fund shares 7775
SEC. 221.117 When bank in ``good faith'' has not relied on stock as collateral 7775
SEC. 221.118 Bank arranging for extension of credit by corporation 7776
SEC. 221.119 Applicability of plan-lender provisions of financing of stock options and
stock purchase rights qualified or restricted under Internal Revenue Code 7777
SEC. 221.120 Allocation of stock collateral to purpose and nonpurpose credits to same
customer 7777
SEC. 221.121 Extension of credit in certain stock option and stock purchase plans 7778
SEC. 221.122 Applicability of margin requirements to credit in connection with
Insurance Premium Funding Programs 7778
SEC. 221.123 Combined credit for exercising employees stock options and paying
income taxes incurred as a result of such exercise 7779
SEC. 221.124 Purchase of debt securities to finance corporate takeovers 7779
SEC. 221.125 Credit to brokers and dealers 7780
PART 223—TRANSACTIONS BETWEEN MEMBER BANKS AND THEIR AFFILIATES
(REGULATION W)
Subpart A — INTRODUCTION AND DEFINITIONS
SEC. 223.1 Authority, purpose and scope 7786
SEC. 223.2 What is an ``affiliate'' for purposes of sections 23A and 23B and this part?
7786
SEC. 223.3 What are the meanings of the other terms used in sections 23A and 23B
and this part? 7788
Subpart B — General Provisions of Section 23A
SEC. 223.11 What is the maximum amount of covered transactions that a member bank
may enter into with any single affiliate? 7792
SEC. 223.12 What is the maximum amount of covered transactions that a member bank
may enter into with all affiliates? 7792
SEC. 223.13 What safety and soundness requirement applies to covered transactions? 7792
SEC. 223.14 What are the collateral requirements for a credit transaction with an affiliate? 7792
SEC. 223.15 May a member bank purchase a low-quality asset from an affiliate? 7794
SEC. 223.16 What transactions by a member bank with any person are treated as
transactions with an affiliate? 7795
Subpart C — Valuation and Timing Principles Under Section 23A
SEC. 223.21 What valuation and timing principles apply to credit transactions? 7796
SEC. 223.22 What valuation and timing principles apply to asset purchases? 7798
SEC. 223.23 What valuation and timing principles apply to purchases of and investments
in securities issued by an affiliate? 7799
SEC. 223.24 What valuation principles apply to extensions of credit secured by affiliate
securities? 7800
Subpart D — Other Requirements Under Section 23A
SEC. 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? 7801
SEC. 223.32 What rules apply to financial subsidiaries of a member bank? 7802
SEC. 223.33 What rules apply to derivative transactions? 7803
{{12-31-07 p.7506}}
Subpart E — Exemptions from the Provisions of Section 23A
SEC. 223.41 What covered transactions are exempt from the quantitative limits and
collateral requirements? 7804
SEC. 223.42 What covered transactions are exempt from the quantitative limits,
collateral requirements, and low-quality asset prohibition? 7805
SEC. 223.43 What are the standards under which the Board may grant additional
exemptions from the requirements of section 23A? 7807
Subpart F — General Provisions of Section 23B
SEC. 223.51 What is the market terms requirement of section 23B? 7807
SEC. 223.52 What transactions with affiliates or others must comply with section
23B's market terms requirement? 7808
SEC. 223.53 What asset purchases are prohibited by section 23B? 7808
SEC. 223.54 What advertisements and statements are prohibited by section 23B?
7809
SEC. 223.55 What are the standards under which the Board may grant exemptions
from the requirements of section 23B? 7809
Subpart G — Application of Sections 23A and 23B to U.S. Branches and Agencies
of Foreign Banks
SEC. 223.61 How do sections 23A and 23B apply to U.S. branches and agencies
of foreign banks? 7809
Subpart H — Miscellaneous Interpretations
SEC. 223.71 How do sections 23A and 23B apply to transactions in which a member
bank purchases from one affiliate an asset relating to another affiliate? 7810
PART 224—BORROWERS OF SECURITIES CREDIT (REGULATION X)
SEC. 224.1 Authority, purpose and scope 7841
SEC. 224.2 Definitions 7841
SEC. 224.3 Margin regulations to be applied by nonexempted borrowers 7842
[The page following this is 7509.]
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