§ 208.20. Authority, purpose, and scope.
133 words·~1 min read·
/us/cfr/t12/s§ 208.20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authority. Subpart B of Regulation H (12 CFR part 208, subpart B) is issued by the Board of Governors of the Federal Reserve System under 12 U.S.C. 24; sections 9, 11 and 21 of the Federal Reserve Act (12 U.S.C. 321-338a, 248(a), 248(c), and 481-486); sections 1814, 1816, 1818, 1823(j), 1831o, 1831p-1 and 1831r-1 of the FDI Act (12 U.S.C. 1814, 1816, 1818, 1823(j), 1831o, 1831p-1 and 1831r-1); and the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended (42 U.S.C. 4001-4129).
(b)Purpose and scope. This subpart B describes certain investment limitations on member banks, statutory requirements for amortizing losses on agricultural loans and extending credit in areas having special flood hazards, as well as the requirements for issuing letters of credit and acceptances.
Connections2 cite this · traces to 2
Cited by 2 sections
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- 12 CFR 208
- 12 USC 321-338a
- 42 USC 4001-4129
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§ 208.20
Authority, purpose, and scope.
Fed. Reg.×2
Cite12 CFR 208
Cite12 USC 321-338a
Cite42 USC 4001-4129
Cites 5Cited by 2 across 1 source