12 CFR 208.30 - Authority, purpose, and scope.

Regulations last checked for updates: Oct 17, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024

View all text of Subpart C [§ 208.30 - § 208.37]

§ 208.30 - Authority, purpose, and scope.

(a) Authority. Subpart C of Regulation H (12 CFR part 208, subpart C) is issued by the Board of Governors of the Federal Reserve System under 12 U.S.C. 24,92a,93a; sections 1818 and 1831p-1(a)(2) of the FDI Act (12 U.S.C. 1818,1831p; and sections 78b, 78l(b), 78l(g), 78l(i), 78o-4(c)(5), 78o-5, 78q, 78q-1, and 78w of the Securities Exchange Act of 1934 (15 U.S.C. 78b,78l,78l,78l,78o,78o,78q,78q-1,78w.

(b) Purpose and scope. This subpart C describes the requirements imposed upon member banks acting as transfer agents, registered clearing agencies, or sellers of securities under the Securities Exchange Act of 1934. This subpart C also describes the reporting requirements imposed on member banks whose securities are subject to registration under the Securities Exchange Act of 1934.

authority: 12 U.S.C. 24,36,92a,93a,248,248,321,371d,461,481,601,611,1814,1816,1817,1817,1818,1820,1833,1828,1831,1831o,1831p-1,1831r-1,1831w,1831x,1835a,1882,2901,3105,3310,3331,3905,5371, and5371 note; 15 U.S.C.78b,78I,78

source: Reg. H, 17 FR 8006, Sept. 4, 1952, unless otherwise noted.

cite as: 12 CFR 208.30