12 CFR 223.13 - What safety and soundness requirement applies to covered transactions?
Code of Federal Regulations - Title 12: Banks and Banking (December 2005)
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TITLE 12 - BANKS AND BANKING
CHAPTER II - FEDERAL RESERVE SYSTEM
SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
PART 223 - TRANSACTIONS BETWEEN MEMBER BANKS AND THEIR AFFILIATES (REGULATION W)
subpart b - GENERAL PROVISIONS OF SECTION 23A
223.13 - What safety and soundness requirement applies to covered transactions?
A member bank may not engage in any covered transaction, including any transaction exempt under this regulation, unless the transaction is on terms and conditions that are consistent with safe and sound banking practices.
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