The Board may waive the application of § 206.4(a) of this part to a bank if the primary Federal supervisor of the bank advises the Board that the bank is not reasonably able to obtain necessary services, including payment-related services and placement of funds, without incurring exposure to a correspondent in excess of the otherwise applicable limit.
source: Reg. F, 57 FR 60106, Dec. 18, 1992, unless otherwise noted.
cite as: 12 CFR 206.6