12 CFR 208.120 - Authority, purpose, and scope.

Regulations last checked for updates: Nov 22, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart K [§ 208.120 - § 208.124]

§ 208.120 - Authority, purpose, and scope.

(a) Authority. This subpart is issued by the Board under section 7 of the Federal Deposit Insurance Act, 12 U.S.C. 1817(a)(3) and (12), and section 9 of the Federal Reserve Act, 12 U.S.C. 324.

(b) Purpose and scope. This subpart informs a state member bank where it may obtain forms and instructions for reports of conditions and implements 12 U.S.C. 1817(a)(12) to allow reduced reporting for a covered depository institution when such institution makes its reports of condition for the first and third calendar quarters of a year.

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 208.120