12 CFR 223.55 - What are the standards under which the Board may grant exemptions from the requirements of section 23B?
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 f - GENERAL PROVISIONS OF SECTION 23B
223.55 - What are the standards under which the Board may grant exemptions from the requirements of section 23B?
The Board may prescribe regulations to exempt transactions or relationships from the requirements of section 23B and subpart F of this part if it finds such exemptions to be in the public interest and consistent with the purposes of section 23B.
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