12 CFR 1272.1 - Definitions.

Regulations last checked for updates: Nov 23, 2024

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

View all text of Part 1272 [§ 1272.1 - § 1272.7]

§ 1272.1 - Definitions.

As used in this part:

Business Day means any calendar day other than a Saturday, Sunday, or legal public holiday listed in 5 U.S.C. 6103.

NBA Notice Date means the date on which FHFA receives a new business activity notice.

New business activity (NBA) means any business activity undertaken, transacted, conducted, or engaged in by a Bank that entails material risks not previously managed by the Bank. A Bank's acceptance of a new type of advance collateral does not constitute an NBA.

authority: 12 U.S.C. 1431(a), 1432(a), 4511(b), 4513, 4526(a)

source: 81 FR 91694, Dec. 19, 2016, unless otherwise noted.

cite as: 12 CFR 1272.1