Subject Index
Principal Subject Index Headings
C
Calls—See Options.
Capital
Accounting—See Accounting procedures.
Framework for
implementing the countercyclical capital buffer,
3-2800Affiliates, functionally regulated; Federal
Reserve Board authority over limited,
1-401.7 et seq.
Bank holding companies, acquisitions
by
Small holding companies, depository
subsidiaries of,
4-868Correspondents,
3-015 et seq.
Foreign
bank, report on equivalence of,
1-570.8Guidelines
Board-regulated institutions,
3-2100 et seq.
Frequently asked questions
on the regulatory capital rule,
3-1506.31Internal-ratings-based and advanced measurement
approaches (Basel II),
3-2200 et seq.
Leverage measure,
3-2110 et seq.
Market-risk measure,
3-2301 et seq.
State member banks,
3-2100 et seq.
Tier 1 leverage measure,
3-2110 et seq.
Interagency statement, deduction methodology
for investments in Volcker rule covered funds,
3-1506.32Interagency statement, regulatory capital treatment
of certain centrally-cleared derivative contracts,
3-1506.313International operations of
U.S. banking organizations, well capitalized,
3-504Rating system, uniform,
3-1575Regulations, authority to issue,
1-400.77See also Deposit insurance, this heading.
Financial holding companies, subsidiaries of—See Financial holding companies.
Undercapitalization—See Undercapitalization, this heading.
State member banks,
3-159Supervisory assessment of capital planning and positions
for
LISCC firms and large and complex
firms,
3-1506.311Affiliate–member
bank relations; capital stock and surplus, definition,
3-1116;
3-1170Asset-backed
securities, risk-based measure
Board-regulated institutions,
3-2141 et seq.
Commercial paper liquidity
facilities,
3-2141 et seq.
State member banks,
3-2141 et seq.
Bank holding companies
Adequacy—See Adequacy, this heading.
Debt, subordinated and mandatory convertible,
3-1506.3Bank loans to provide
working capital,
5-807Categories
Well capitalized, as to international banking,
3-504Disclosure of in advertisement
or promotional,
3-326Reclassification
based on unsafe or unsound practices,
8-094.9 et seq.
Collateral, risk-based measure—See also Internal-ratings-based and advanced measurement
approaches, this heading.
Board-regulated institutions,
3-2137 et seq.
State member
banks,
3-2137 et seq.
Contributions
Bank loans for—See Securities credit by banks and persons other than brokers
and dealers.
Broker-dealers, credit by—See Credit by brokers and dealers.
Joint venture, as extension of securities credit,
5-819National banks, by;
to Federal National Mortgage Association,
1-298Corrective action for undercapitalization—See Undercapitalization, this
heading.
Correspondents, interbank liabilities,
3-015 et seq.
Credit-enhancing
interest-only strips receivables
Debentures as capital, capital stock, or surplus,
3-1504.5Debt, subordinated
and mandatory convertible
Deductions from
Deferred tax assets, deductions
Board-regulated institutions,
3-2122Capital stock and surplus
State member banks, of,
3-152Notes and debentures as capital, capital stock,
or surplus,
3-1504.5Deposit insurance
Certification, as factor to be considered for,
1-338Direct-credit substitutes,
risk-based measure
Distributions,
by insured depository institutions,
1-400.47Holding company of undercapitalized institution, by,
1-400.6State member banks subject
to restrictions,
3-340Edge
corporations—See Edge
corporations.
Equity investments, nonfinancial;
deductions
Equity-linked
contracts, risk-based measure,
3-2255Federal National Mortgage Association, contributions
to,
1-298Federal Reserve
Bank capital stock—See Capital stock of Reserve Banks.
Federal
Reserve Banks, minimum to commence business,
1-016Federal Reserve System membership, amount
required for,
1-064Financial
holding companies, subsidiaries of; requirements—See Financial holding companies.
Foreign bank
Capital, report
on equivalence of,
1-570.8Financial holding company, as; capital requirements,
4-056.91See also Financial holding companies.
Foreign banking, corporations engaged in—See Edge corporations.
Forward agreements, risk-based measure
Board-regulated institutions,
3-2133Guarantees, risk-based measure—See also Internal-ratings-based and advanced measurement
approaches, this heading.
Hybrid instruments, risk-based measure
Insured depository institutions—See also Deposit insurance, this
heading, and this heading generally.
State,
conversion into; capital stock requirements,
1-396;
1-397 Interest-only
strips receivables, credit-enhancing,
3-2101Internal-ratings-based and advanced measurement
approaches,
3-2200 et seq.
Disclosures, required,
3-2271 et seq.
Double-default treatment,
3-2235Internal models approach,
3-2253Qualification process,
3-2221 et seq.
Risk-weighted
assets, calculating—See also specific approach,
this heading.
Equity
exposures,
3-2251 et seq.
Loans, eligible margin,
3-2232Repo-style transactions,
3-2232Securitization exposures,
3-2241 et seq.
Simple risk-weight
approach,
3-2252Supervisory
formula approach,
3-2243International operations of U.S. banking organizations, well capitalized,
3-504Leverage ratio,
definition,
3-328Measure,
capital adequacy,
3-2110 et seq.
Market risk, capital adequacy,
3-2301 et seq.
See also Adequacy at Guidelines, this heading.
National banks
Acquisition
and retirement of capital stock,
3-1505Discounts on security of own capital stock,
1-302Federal National Mortgage Association,
contributions to,
1-298Foreign branches, capital required to exercise powers,
1-217Loans on security
of own capital stock,
1-302Reduction
of capital,
1-261Withdrawal
prohibited,
1-305Net debit
caps, calculation of,
9-1017Notes as capital, capital stock, or surplus,
3-1504.5Off-balance-sheet items, risk-based measure
Board-regulated institutions,
3-2133Permanent capital, definition,
3-160Recapitalization of undercapitalized
institution,
1-400.57See also Restoration plan, this heading.
Reciprocal holdings, deduction
Board-regulated institutions,
3-2122Recourse obligations,
risk-based measure
Residual interests, risk-based measure
Retirement of capital
stock,
3-1505Risk-weighted
assets, definition,
3-328Savings associations, deposit insurance,
1-355.5Small-business obligations, risk-based measure
Board-regulated
institutions,
3-2142Standards—See Adequacy, this heading.
State member banks—See
also this heading generally.
Acquisition
and retirement of capital stock,
3-1505Adequacy of capital—See Adequacy, this heading.
Definition,
capital stock and surplus,
3-152Federal Reserve membership, requirements,
1-059Withdrawal, limitation on,
3-162Surplus capital, definition,
3-160Tangible equity, definition,
3-329Tier 1 capital, definition,
3-329Tier 1 leverage measure, capital adequacy,
3-2110 et seq.
Tier 1 risk-based
capital ratio, definition,
3-329Total assets, definition,
3-329Total risk-based capital ratio, definition,
3-329Undercapitalization
Advances by Federal Reserve Banks to undercapitalized
institutions restricted,
2-026 et seq.
Asset transfers, limitation on claims concerning,
1-398.29See also Insured depository institutions, at specific type of action.
Orders, procedures for issuance and review of,
8-094.3 et seq.;
8-101.4Management fees resulting
in prohibited,
1-400.48Definition of ``management fee,''
3-328State member banks subject to restrictions,
3-340Uniform Financial Institutions
Rating System,
3-1575Weighted-risk
assets, computing—See also Internal-ratings-based
and advanced measurement approaches, this heading.
Working, loans to provide; bank credit for
margin stocks,
5-807Capital stock of Reserve Banks
, 3-460 et seq.
Certification of dates and prices,
3-469Insolvency
Withdrawal from
membership, effecting,
1-046Location, change in,
3-464Withdrawal from membership,
effecting,
1-045Insolvent
member bank,
1-046Capital
stock and surplus
Conversion
of national bank into state bank,
3-492Deposits of mutual savings
bank,
3-490Mutual savings
bank deposits,
3-490Mutual savings bank
deposits,
3-490Liability of stockholding
banks,
1-007Liquidation
of member bank, voluntary,
3-463Ambiguity, delegated authority to determine in cases
of,
8-106.5Change in,
exchange of stock,
3-464Member banks
Liquidation,
voluntary,
3-463Membership
State banks as,
3-483 et seq.
Mutual savings bank
Admission
to membership,
3-487Amount
of subscription,
3-466Deposits
of, increase or decrease,
3-490Member bank, becoming,
3-461National banks
Conversion
into state bank,
3-492Discontinuing
banking operations,
3-482Ambiguity,
delegated authority to determine in cases of,
8-106.5Organization, in process of,
3-461Payments
Cancellations,
for,
3-468Subscriptions,
for,
3-467Limitation on amount
to single subscriber,
1-012Record of share position,
3-469Shares
State member banks,
3-483 et seq.
Ambiguity,
delegated authority to determine in cases of,
8-106.5Membership
Withdrawal—See Withdrawal from membership, voluntary, this heading.
Subscription
to stock
Increase in capital and surplus,
3-465National banks, by,
3-478On call, to be payable,
1-058Surplus
Time extension, authority
to grant,
8-121.1Termination of membership
Voluntary—See Withdrawal
from membership, voluntary, this heading.
United States, allotted to,
1-013Voting rights, only for
member banks,
1-014Time extension
for stock surrender,
8-121.1Cash
—See
also Coinage; Currency; Money.
Accounts—See Cash accounts.
Items—See Cash items.
Mergers—See Tender offers.
Securities transactions, jurisdiction of Committee
of Exchange over,
5-478Vault—See Reserve requirements, at Vault cash.
Cash accounts
, 5-426;
5-497 et seq.;
5-615.9 et seq.;
5-704 et seq.
Asset-backed
pass-through securities, delayed delivery,
5-615.956 British Telecommunications offering,
5-615.92Cancellation of transaction,
5-428Checks, payment of;
ninety-day freeze provision,
5-505COD transactions—See Delivery
against payment, this heading.
Delayed delivery
Asset-backed pass-through securities,
5-615.956Margin requirements, attempt to
evade,
5-707Purchase price deposited
with custodians,
5-704Special
memorandum account, use of for,
5-616.11Deposit
Extension of time after
expiration of original limit,
5-480Five-day rule of New York Stock Exchange,
5-708;
5-709Endowment funds of state educational institution,
prompt payment,
5-713Escrow
agreements and receipts—See Options.
Business conduct committee of national exchange, jurisdiction of,
5-478Trust, blanket
extension of time to,
5-629Custodian
bank to scrutinize transactions for evasion,
5-715Five-day rule of New York Stock Exchange, prompt
payment and deposit,
5-708;
5-709See also Prompt payment
and deposit, this heading.
Foreign securities, delivery-against-payment transactions,
5-638.5Freeze provision, ninety-day—See Ninety-day freeze provision, this heading.
Government securities, sale of; proceeds used
to purchase other securities,
5-616.1Installment sales, limited partnerships,
5-717Limited partnerships, installment
sales,
5-717Extension of
time—See Extension of time for payment
in, this heading.
Maintenance
margin requirements,
5-648Mailing
as withdrawal,
5-505Minimum
amount due, creditor may disregard,
5-428Mortgage-related securities, when-issued;
net settlement,
5-615.952Municipal employees' retirement or pension system purchases, prompt
payment,
5-504Liquidation to pay
for stock purchase,
5-615.951Prompt payment for shares,
5-506Ninety-day freeze provision,
5-502Delivery against payment, cash account,
5-615.958Mutual funds
Liquidation to pay for stock purchase,
5-615.951Prompt payment for shares,
5-506Nonexempted security,
sale of,
5-429Prompt payment,
failure to make,
5-503Uncollected
sums under $100 may be disregarded,
5-710Options, escrow agreements and receipts—See Options.
Pass-through asset-backed securities, delayed delivery,
5-615.956 Payment
Additional time for,
5-501Prompt—See Prompt payment and
deposit, this heading.
Pension fund, purchase of securities
in,
5-706Prompt payment
and deposit,
5-499Endowment funds of
state educational institution,
5-713Five-day rule of New York Stock Exchange,
5-708;
5-709Freeze
provision—See Ninety-day freeze provision, this heading.
Minimum amount
due, creditor may disregard,
5-428Municipal employees' retirement or pension
system purchases,
5-504Mutual funds shares, for,
5-506Sale and repurchase of security,
5-616.15Third-market purchases,
5-714Repurchase agreements, use of cash account
for,
5-616.17Retirement
plans in trust, blanket time extensions,
5-629Sale and repurchase of security,
5-616.15Not deposited in account,
5-498Sale of same security, payment by,
5-616See also Ninety-day freeze provision, this heading.
Statement, customer's; labeling on,
5-695Third-market purchases, prompt payment,
5-714Blanket, retirement plans in trust,
5-629Transfer of transaction,
5-430Unpaid-for stock,
liquidation—See Liquidation in lieu of
deposit, this heading.
Withdrawal, mailing as,
5-505Cash items
Collection, in process
of
Deposit insurance reporting, inclusion with
deposits for,
1-342Reserve
requirements—See Reserve
requirements.
Federal Reserve Bank collection
services
Availability of funds and credit for
items received,
9-796Operating circulars
governing handling of,
9-780Return
of, by paying banks,
9-799Warrants payable by states and political subdivisions, direct presentment
of,
9-807Reserve requirements—See Reserve requirements.
Casinos—See Currency and foreign transactions.
CDs—See Certificates of deposit.
Cease-and-desist orders
Bank holding
companies,
4-017See also Federal Reserve Board orders, this heading.
Federal Reserve Board orders
Amendments of, approval authority,
8-105General counsel, Board's; delegated
authority,
8-107.4Hearings—See Hearings, generally.
Relief from, applications
for; refusal authority,
8-108Violations, policy on assessing civil money penalties,
3-1605Hearings, rules of practice and
procedure—See Hearings, generally.
Insured depository
institution disciplinary action,
1-356 et seq.
Bank holding companies, applicability to,
1-358Foreign banks, applicability to,
1-359Injunctions
Relief
from, applications for; authority over,
8-108;
8-121.4Removal of institution-affiliated
parties,
1-363 et seq.
Interlocking directorates among financial institutions, violations,
1-409Final status, time
limit for,
1-411Modification
or setting aside,
1-412Rehearing ordered for,
1-413Central
banks—See also Federal Reserve Board.
Definition,
as to foreign open market operations,
1-257;
9-835Federal Reserve Bank
dealings with,
7-070 et seq.
Accounts payable in foreign currency,
7-075;
7-087Audits of, General
Accounting Office authority,
3-672.34Banker's acceptances purchased for, termination of guarantee
authority,
7-085Credit
information, furnishing of,
7-092One-way accounts establishment, permission required,
7-084Property received
from,
1-254Federal Reserve
Board, audits of transactions with; General Accounting Office authority,
3-672.34FedNow transfers, applicability of Regulation J to,
9-829;
9-880.3
Fedwire transfers,
applicability of Regulation J to,
9-813;
9-853Foreign bank, not defined
as for purposes of Regulation K,
3-581Insured banks receiving property of,
1-255Licenses relating to property of,
1-256Payment system risk
in offshore system; central bank cooperation in reducing,
9-1002Reserve requirements,
time deposits of designated banks exempt,
2-280Securities of, investment in by foreign branch
of member bank,
3-509Central Intelligence Agency
Privacy
Act exemptions,
8-325Central Liquidity Facility—See National Credit Union Administration.
Certificates of deposit
Advertisements—See Truth in savings, at Time accounts.
Bearer,
time deposits estimated as personal or nonpersonal by reasonable
sampling techniques; reserve requirements,
2-303.6Broker-dealer credit
Collateral in margin accounts,
5-686.1Credit line, transaction accounts with; reserve requirements,
2-345.16Deposit insurance
requirements
Reports of condition, guidelines,
1-343Disclosures—See Truth in savings, at Time accounts.
Reserve
requirements
Bearer CD, time deposits estimated
as personal or nonpersonal by reasonable sampling techniques,
2-303.6Federal funds transactions,
definition of ``deposits,''
2-325.24Line of credit, CDs with; transaction accounts,
2-345.16Payable outside and
issued in United States,
2-330.01Unauthorized circulation as criminal offense,
1-462Change in Bank Control Act
, 1-344 et seq.
See also Control of depository institution or
company.
Violations, penalties for,
3-1605Charge cards—See Credit and charge cards.
Charges—See Fees; Finance charges.
Charitable organizations—See Not-for-profit organizations.
Check Clearing for the 21st Century Act
, 9-732 et seq.
See also Substitute checks.
Impact of, study and report on,
9-738.5Regulations, Board authority,
9-738Report to Congress concerning implementation
and administration of,
9-738.7Check collection
—See also Availability of funds;
Federal Reserve Banks, at Collection of
checks and other items;
Regulation CC.
Agreements, variation from regulation,
9-490;
9-495Bank
Business day
Clock hour, definition,
9-779Deadline extension,
9-353Returned checks—See Return of checks, this heading.
Services; efficiency and cost reduction,
9-739 et seq.
Without accounts
Nonpayment, notice of,
9-403Depository institution
Local
originating, definition,
9-678Nonlocal originating, definition,
9-679Originating, definition,
9-680Receiving, definition,
9-681Electronic checks and electronic
information,
9-340;
9-345Expeditious return—See Return
of checks, this heading.
Federal Reserve Banks—See Federal Reserve Banks, at Collection
of checks and other items.
Fees, returned-check—See Return of checks, this heading.
Forward collection
Nonpayment
notice of, by paying bank,
9-352Paying bank
Local originating depository institution, definition,
9-678Magnetic ink character recognition (MICR) line, definition,
9-025.2;
9-062Net-settlement
arrangements,
9-411Nonlocal
checks, definition,
9-017Nonlocal originating depository institution, definition,
9-679Nonlocal paying bank,
definition,
9-017Nonpayment
Originating depository institution,
definition,
9-680Participant
(bank), definition,
9-681Paying bank
Return of checks—See Return of checks, this heading.
Variation by agreement,
9-495Receipt of check, at bank office or processing center,
9-475;
9-481Receiving
depository institution, definition,
9-681Remotely
created check
Warranties, transfer
and presentment,
9-441;
9-451See also Return of checks, this
heading.
Charges—See Fees, this
subheading.
Net-settlement arrangement,
9-411Fees
Image in lieu of returned check,
9-495Insolvent banks—See Insolvent banks, this heading.
Nonpayment—See Nonpayment, this heading.
Deadline extension,
9-356Unidentifiable depositary bank,
9-350Qualified
returned check—See Qualified returned
check, this heading.
Recovery,
nonpayment of check,
9-466Expeditious return,
9-385 et seq.
Routing number—See Routing number, this heading.
Variation by agreement, image or notice in
lieu of returned check,
9-495Routing number
List,
next-day availability and local checks,
9-600Return of checks
Qualified
returned check,
9-375Net-settlement
arrangements,
9-411See also Wire transfers of funds.
Same-day—See Same-day
settlement, this heading.
Substitute checks—See Substitute checks.
Truncate,
definition; truncating bank—See Substitute checks.
United States, definition,
9-682Remotely
created check, transfer and presentment warranties,
9-441;
9-451Settlement
amount, encoding, and offset, of,
9-442;
9-452Checking accounts
—See also Checks; Demand deposits.
Automatic deposits from savings account to constitute
transaction account,
2-302.2Combined savings/checking
statements, transaction accounts; reserve requirements,
2-345Deposit insurance requirements,
defined as deposit for,
1-335.4Deposits to from savings accounts, automatic; to constitute transaction
account,
2-302.2Electronic
fund transfers—See Electronic
funds transfers.
Fair credit reporting
Overdrafts, applicability of rules to,
6-1597Sufficiency of funds,
regular securing of information as to; not to qualify institution
as consumer reporting agency,
6-1607Government-owned corporations,
1-272NOW (negotiable order of withdrawal) accounts—See NOW accounts.
Overdrafts
Fair credit reporting,
applicability of rules to,
6-1597Protection plan, qualification of account as transaction
account,
2-301.8Savings
accounts
Automatic deposits to checking accounts
from, to constitute transaction account,
2-302.2Combined savings/checking statements, transaction
accounts; reserve requirements,
2-345Sufficiency of funds, regular securing of information
by financial institution as to; not to qualify as consumer reporting
agency,
6-1607 Checks—See also Checking accounts.
Authorization
and guarantee
Cards, credit card holder's rights
of claims and defense not applicable,
6-750;
6-5750Availability of funds—See Availability of funds.
Bad, enforcement programs operated by private entities;
exemption from definition of ``debt collector,''
6-1700.1;
6-1700.2Cashier's
Availability—See Availability of funds.
Deposit,
as
Deposit insurance requirements, for,
1-335.4Federal Reserve check-collection services, payment by,
9-794Large-denomination,
sale of by financial institutions—See Currency and foreign transactions.
Cash items in process of collection,
2-151Collection—See Check collection; Federal Reserve Banks, at Collection of checks and other items.
Definition
Collection of checks,
as to,
9-777Depository
institution, check drawn by on zero-balance account at correspondent;
treatment,
2-308.5Electronic
funds transfers—See Electronic
funds transfers.
False certification
Criminal offense, as,
1-461Federal Reserve Banks, by officers or employees;
unlawful,
1-293Member banks,
by; unlawful,
1-067Officers
or employees, by,
1-293Financial institution;
issuer, redeemer, or cashier as,
3-1762Float, Federal Reserve System—See Float.
Guarantee—See Authorization and guarantee, this heading.
Magnetic ink character
recognition (MICR) line, definition,
9-025.2;
9-062Money orders, U.S.
Postal Service; as,
9-012;
9-040Printing and selling; closely related to banking,
4-050Substitute—See Substitute checks.
Traveler's—See Traveler's checks.
Truncate,
definition; truncating bank— See Substitute checks.
Zero-balance
account at correspondent, check drawn on by depository institution;
treatment,
2-308.5 Childbearing
Equal credit opportunity
Statistical probability not to be
considered for applicant,
6-029;
6-117;
6-5029Child support
Credit reports
Overdue obligations, information about,
6-1576.1State or local
child support enforcement agency, definition,
6-1553.1CHIPS (Clearing House Interbank Payments System)—See Automated clearinghouses.
CIA—See Central Intelligence Agency.
Circuit court—See Federal courts.
Citizen participation—See Public participation.
Claims
Insured deposits, for; claims agents,
1-384Clayton Antitrust Act
, 1-404 et seq.
See
also Antitrust law.
Antitrust law defined as,
1-392Depository Institutions Management Interlocks Act, effect
upon,
3-790;
3-827Clearing agencies
—See also Automated clearinghouses.
Bank holding companies acting as,
4-015.1Bank loan to provide liquidity
facility; exempted transaction,
5-884.68Bankrupt state member bank operating, uninsured,
1-076.1Church plans, exemption
from definition of for,
5-030.2Competence standards
for participants,
5-179Conservator
or receiver for uninsured state member bank operating or operating
as,
1-076.1Credit from,
emergency; to market-maker customers,
5-615.79Customers
Emergency credit to market-maker
customers,
5-615.79Subsidiaries not construed as,
5-621.1Definition
Payment system risk reduction, as to,
9-1501Discipline of participants for rules violations,
5-177Due process observed,
5-180Notice of proceedings,
5-181State member bank actions—See State member banks, as, this heading.
Dues, equitable allocation,
5-177Edge corporation operating or operating
as multilateral clearing organization,
9-1513.1Examination reports, Federal Reserve Board
providing to Securities and Exchange Commission,
8-108.92Experience standards for participants,
5-179Fair representation
of stockholders,
5-177Fees, equitable allocation,
5-177Financial-responsibility standards for participants,
5-179Fines for rules violations,
5-177See
also Discipline of participants for rules violations, this heading.
Fingerprinting
of employees,
5-169Futures,
security; performing clearing functions related to,
5-182.1General partners' accounts, status,
5-621.13Investors, protection
of,
5-177Limited partnership,
firm's relationship with,
5-621.17Midwest Clearing Corporation, broker-dealer trades,
5-615.76Multilateral
Net settlements—See
also Wire transfers of funds.
Clearing organizations, between,
9-1509 et seq.
Financial institutions
Omnibus account of broker or dealer,
use,
5-619Operational-capability
standards for participants,
5-179Parent firms
Customers, as—See Customers, this heading.
Subsidiaries, brokerages serving as clearing
firms for,
5-621.1Qualifications
of applicant, examination,
5-179Records
Regulatory agencies, for,
5-162Securities and Exchange
Commission, for,
5-160Registration,
5-175 et seq.
Application,
filing,
5-176Review by regulatory agencies,
5-186Conditions to be
met,
5-177Denial, proceedings,
5-196Rules of clearing agency,
filing,
5-176Unlawful to
conduct business without,
5-175Regulations
Regulation T, responsibility
for,
5-620Regulation U, not
applicable to,
5-436Review of application for registration,
5-196Rulemaking powers of,
5-191Reports
Examination, Federal Reserve Board authority to make available,
8-108.92Regulatory agencies,
to,
5-162Risk reduction,
9-1002 et seq.
Rulemaking powers of regulatory
agencies as to,
5-191Rules
Securities and Exchange Commission, filing with,
5-176Accounts of participant
closed,
5-182Hearing,
opportunity for,
5-182Safeguarding of securities
and funds,
5-177Sanctions
for rules violations—See also Discipline
of participants for rules violations, this heading.
State member banks, by—See State member banks, as, this heading.
Sister firms as customers—See Customers, this heading.
State member banks, as
Conservator
for uninsured bank operating multilateral organization,
1-076.1Discipline of participants
Notice of action,
3-252 et
seq.
Review of action, application for,
3-261Stay of action, application
for,
3-261Statutory disqualification,
person under to be barred from participation,
5-178Subsidiaries
Brokers and
dealers, of; clearing firms as,
5-621.11Customers, not construed as,
5-621.1Parent brokerage firms serving as clearing
firms for,
5-621.1Suspension
for rules violations,
5-177Transfer agent, not to perform functions of,
5-175Clearinghouses—See Automated clearinghouses.
Club accounts
Disclosures—See Truth in savings.
Reserves—See Reserve requirements.
Coinage
—See also Cash items; Currency; Money.
Broker-dealer, credit from; buying and selling in
nonsecurities credit account,
5-650.85Domestic coin transactions, reports on,
3-1765 et seq.
Legal
tender, definition,
1-415Reserves—See Reserve
requirements.
Vault cash, as—See Reserve requirements, at Vault cash.
Withdrawal
of gold coin from circulation,
1-419Collections
—See also Fair debt collection practices.
Federal Reserve Banks' receipt of from member and
nonmember banks,
1-111;
9-830;
9-1563Collection services—See Check collection; Federal Reserve Banks, at Collection of checks and other items.
Collective bargaining—See Labor-management relations.
College Construction Loan Insurance Association
Colleges—See Universities and colleges.
Commercial paper
Asset-backed; capital
adequacy
Bank holding companies, acquisition
of nonbank interest; subsidiaries to issue,
4-298Cooperative marketing associations, purchase
of paper, summary of rulings and principles,
8-855Recordkeeping and confirmation, state member
bank effecting transaction in,
3-447.02Securities credit indirectly secured by subsidiary's stock,
as,
5-917.181Commodities
Bank holding companies,
transactional services related to,
4-049.3Broker-dealer good faith accounts, in,
5-421Definition as to anti-money
laundering programs,
3-1734.7Development-assistance loans, effect on commodity markets and industries,
1-479.1Drafts, as cash
items in process of collection,
2-152Financial holding
companies, grandfathered activities,
4-082.95International banking
Edge corporations, prohibition on commodities trading and price fixing,
1-237Registered trading
advisors or pool operators defined as financial institutions for
purposes of the Bank Secrecy Act,
3-1764Swap transactions based on,
3-546Commodity Credit Corporation
Advances,
Federal Reserve Bank; obligations of eligible as collateral for,
2-040Depositaries for, Federal
Reserve Banks as,
1-280Notes
on cotton, execution by member bank executive officers as prohibited
transaction,
3-1047Obligations
guaranteed by United States,
1-446Common carriers
Antitrust laws,
enforcement authority,
1-407Currency and foreign transactions
Equal
credit opportunity, enforcement authority,
6-101Fair credit reporting, enforcement authority,
6-1575Fair debt collection
practices, enforcement authority,
6-1696Stock purchase exemptions under antitrust law,
1-404Community Advisory Council
Selection
and appointment of members
Community property
Signatures of spouses or others on credit application
in states observing,
6-036;
6-136;
6-5036Community reinvestment
, 6-1220 et seq.
See
also Community Reinvestment Act.
Affiliate
Public file, information in,
6-1329Services and products, retail,
6-1226Agreements involving resources of depository
institution or affiliate,
6-2600 et seq.
Annual reports,
6-2621 et seq.
CRA affiliate
Agreements relating to,
6-2614CRA communication, definition,
6-2607 et seq.
CRA public file, definition,
6-2633Fiscal year, definition,
6-2634Freedom of Information
Act requests,
6-2628Multiyear agreements, determining annual value,
6-2606Nongovernmental entity
or person, definition,
6-2635Relevant supervisory agency, definition,
6-2636Applications
Area median income
Information, obtaining from Bureau of the Census,
6-1334Assessment area
Community development activity, immediate or direct benefit
of to,
6-1271.4Automated teller machines
Definition, as remote service facility,
6-1220.5Bank examination, assessment of community reinvestment during,
6-1256Bank holding companies,
interstate banking,
4-069.4Financial holding companies—See Financial holding companies.
Below-market
interest rate, loan at; lending test,
6-1277.4Branches
Loan-production offices as,
6-1268Minority or women's depository institution,
availability of facilities to,
6-1253.3;
6-1253.31Census, Bureau of; obtaining information from,
6-1334Charitable donations
and activities
Comments
on institution's performance, public availability—See Public, information available to, this heading.
Community development loans,
6-1271 et seq.
Data reporting,
6-1322 et seq.
Retail institutions, affordable home mortgage loans made
by,
6-1271.1Community
development service
Charitable activities, employees'
and directors' personal,
6-1272.1Financial services, provision
of,
6-1272Community development test
Consumer
loans
Below-market-rate, qualified investments,
6-1277.5Data collection,
6-1324 et seq.
Credit
Credit cards
Community
development test, credit card banks,
6-1298Directors' compensation and donated labor,
6-1277.6Electronic copy retained
by institution,
6-1329.1Electronic services and systems to low- and moderate-income people,
6-1272.2Employees' compensation
and donated labor,
6-1277.6Evaluation of institution's record, written,
6-1253 et seq.
Examination
Evaluation, written,
6-1253 et seq.
Schedule
Inclusion on not determinative,
6-1332.1Federal Home Loan Bank
stocks, qualified investments,
6-1277.2Federal Reserve Banks, membership reserves with, qualified
investments,
6-1277.3Federal
Reserve Board
Financial holding companies—See Financial holding companies.
Financial institutions, evaluation,
6-1250Financial services, providing;
community development service,
6-1272;
6-1272.2Foreign bank, uninsured state branch of,
6-1220Geographic area—See Assessment area, this heading.
Guaranteed loans, consideration for,
6-1287.3Home-equity loan
Line of credit,
for both home-improvement and small-business purposes,
6-1317.6Home mortgage loan
Income levels
Individual development accounts, service test,
6-1296.1Interstate acquisitions by bank holding companies,
4-069.4Investment test,
6-1295 et seq.
See also Qualified investments, this heading.
Leases, not considered loans; data collection,
6-1326.2Mortgage borrowers, workout arrangements
with,
3-1579.453Letters of credit,
data collection,
6-1326.1Limited branch, definition,
6-1220Limited-purpose banks
Loan commitments,
data collection,
6-1326.1Loan location
Post office box or rural route and box number,
6-1317.81Loan-production
office
Majority-owned,
non-woman-owned institutions; evaluation of,
6-1250Merging institutions,
data collection,
6-1316.4Metropolitan division, definition,
6-1220.5Minority depository
institution, availability of branch facility to,
6-1253.3;
6-1253.31Modification, extension, and consolidation agreements
(MECAs); lending test,
6-1287.2Mortgage-backed securities and municipal bonds, qualified
investments,
6-1277.1Multiple
loans to same business, data collection,
6-1318.1Multiple-purpose loans as consumer loans,
6-1273.2New-markets venture
capital companies,
6-1270Nonmetropolitan area, definition,
6-1220.5Nonprofit organizations, loans to,
6-1279Notice, public—See Public notice by banks, this heading.
Performance tests and standards,
6-1225 et seq.;
6-1281 et seq.
See also specific types of tests,
this heading.
Ratings—See Ratings, this heading.
Disclosure statements—See Disclosure statements, this
heading.
Location of information,
6-1236Performance evaluation
of state regulatory agency; institution's response,
6-1328.2Qualified investments,
6-1277 et seq.
Authority
for institutions to make investments,
6-1277Community development loan, below-market-rate,
6-1277.5Compensation of
employee or director assisting community development organization,
6-1277.6Membership
reserves with Federal Reserve Banks,
6-1277.2Mortgage-backed securities and municipal bonds,
6-1277.1Questions and answers,
interagency,
6-1265Regulated financial
institution, definition,
6-1248Regulation BB—See Regulation BB.
Remote service
facilities, mobile,
6-1268Community
development loans, affordable home mortgage loans as,
6-1271.1Revenue, gross annual; data collection,
6-1320 et seq.
Small banks
Small-business or small-farm loans
Community development, as
6-1270Data collection and reporting,
6-1317.1 et seq.
Residential
real estate, loans secured by,
6-1326Small institutions
Community development loans by,
6-1271.1Foreign bank, federal and state branch assets
of,
6-1278.1Technical assistance, providing,
6-1272.2Wholesale bank
Women's depository institution, availability of branch
facility to,
6-1253.3;
6-1253.31Written evaluation of institution's record,
6-1253 et seq.
Community Reinvestment Act
, 6-1247 et seq.
See also Community reinvestment.
Administration of, authority to issue forms and other print matter,
8-109Determinations, authority to make,
8-109.2Financial holding companies, applicability
to—See Financial holding
companies.
Financial subsidiaries, state
member banks with, applicability to,
3-385Home mortgage disclosure data reporting under,
6-5210.1Sunshine
requirements,
6-2600 et seq.
See also Community reinvestment, at Agreements involving resources of depository
institution or affiliate.
Compensation
Interagency guidance
on sound incentive compensation policies,
3-1508Comptroller general—See General Accounting Office.
Comptroller of the Currency
Bank
examination—See Bank examination,
at National banks.
Bank holding companies, notice to Comptroller of application for
approval of acquisition,
4-067Bank mergers, reports on competitive factors; to,
3-1565;
8-106.2Branches
Interstate branches, approval,
1-295.3State banks converted from national banks,
approval,
1-294Community
reinvestment, enforcement authority,
6-1248Currency and foreign transactions, enforcement responsibilities
as to,
3-1707Deposit insurance
Bank obligations, designation as deposits,
1-335.4National banks
Appropriate Federal banking agency for,
1-336Directors appointment
in event of board suspension,
1-370Institution-affiliated party, removal of,
1-366Mergers and consolidations, approval
authority,
1-387Termination
procedures,
1-383Reports
of condition
Definition of terms, consultative
authority,
1-343Reports of examination available to,
1-340State depository
institution, conversion into; consent authority,
1-396Electronic fund transfers
Compliance inquiries, mailing address for,
6-358Employees of office,
salaries,
1-182Examination of national banks—See Bank examination.
Examination reports available to,
1-340Examiners for national banks, appointment,
1-180Expedited funds availability,
enforcement authority,
9-722Fair debt collection practices, enforcement authority,
6-1696Federal branch or agency of a foreign
bank, federal banking agency for,
1-336Federal Reserve Bank
Circulating
notes in blank, receiving from,
1-024Organization certificate filed with,
1-023Federal Reserve note plates and dies,
custody maintained by,
1-149Federal savings associations, federal banking agency for,
1-336Financial privacy, right
to; supervisory authority,
6-1752Foreign bank supervisory authorities, cooperation with,
1-577International Banking
Act, enforcement powers,
1-574 et seq.
Management official interlocks, authority,
3-808Mergers, bank—See Bank mergers, this heading.
Mergers and consolidations, approval authority,
1-387National banking associations,
federal banking agency for,
1-336Privacy, financial
Consumer financial
information, enforcement authority,
6-7382Right to Financial Privacy Act, supervisory authority,
6-1752Receivership funds,
closed; rulemaking authority over disposition of unclaimed property,
1-631Records of available
Federal Home Loan Banks and Federal Housing Finance
Board, to,
1-285Securities
and Exchange Commission, to,
1-286Reports of condition and examination available to,
1-340Right to financial privacy—See Privacy, financial, this heading.
Securities, of savings associations; authority,
5-083Securities and Exchange
Commission
Records available to Commission,
1-286Securities, missing, lost,
counterfeit, or stolen; delegated authority over,
5-171Securities transactions, regulatory
agencies for persons engaging in,
5-021 et seq.
Institutional investment managers,
insured bank,
5-024Investment
discretion, persons exercising,
5-025Municipal securities dealers,
5-021Security devices and procedures, supervisory
agency as to,
1-472Truth
in Lending Act, enforcement by,
6-1052Unclaimed property in national bank closed receivership
funds, rulemaking authority over,
1-631Computers—See Data processing.
Concentration limit for financial companies,
4-1150 et seq.;
4-1152
Reporting requirements,
4-1155Confidentiality
—See also Privacy.
Administrative proceedings, unauthorized communication
with interested parties,
1-520Bank examiner, disclosure of information by,
1-465Financial information
See also Right
to financial privacy.
Nongovernmental entities,
disclosures to—See Privacy
of consumer financial information.
See also Currency and foreign transactions.
Securities brokers and dealers, reports to
SEC concerning risk assessment,
5-153.335;
5-172.5Securities transactions,
inside information; policy statement on use of,
3-1550Supervisory information on financial institutions,
confidential
Foreign supervisor,
received from,
1-577Public
access to—See Freedom
of information, at Federal Reserve Board
information availability rules.
Conflict of interest
Federal Reserve
Bank directors, circumstances precluding participation in bank matters,
8-168 et seq.
Federal Reserve
Board employees,
8-558 et seq.
Waivers, authority to issue,
8-107.5Government employees,
1-449 et seq.
Insured banks, loans and extensions of credit by
Foreign bank with insured branch,
1-398.1Reporting requirement,
1-353Congress of the United States
Emergency
Loan Guarantee Board, annual report to Congress,
1-560Fair debt collection practices, reports
to Congress by Federal Trade Commission,
6-1698Federal Reserve Banks, board of directors;
senators and representatives ineligible,
1-033Federal Reserve Board
Members, president to fill vacancies during Senate recess,
1-081Reports to Congress—See Federal Reserve Board, at Reports by.
Federal
Trade Commission, reports to Congress on fair debt collection practices,
6-1698Insured depository
institutions
Acquisitions regulation, report
to,
1-351Mergers and consolidations,
approvals, report to,
1-393International Monetary Fund
Congressional approval
required for certain acts,
1-481Reports to Congress
Palestine Liberation
Organization membership,
1-500.9Unfair trade practices, countries with,
1-501.29McFadden Act, applicability to
financial situation; report to,
1-576Reports to—See specific agencies
issuing reports, this heading.
Securities
and Exchange Commission, annual report by,
5-228;
5-229Securities exchanges,
rate schedule information filed by Securities and Exchange Commission,
5-043Securities transactions,
findings as to clearance and settlement system,
5-173Conservators
—See also Bankruptcy.
Federal Reserve Banks as depositaries for accounts of
banks in hands of,
1-283State member bank, uninsured; operating or operating as clearing
organization,
1-076.1Undercapitalized
insured depository institutions, for
State member
bank, for; Federal Reserve Board authority to appoint FDIC as,
1-104.2Government conservators,
exemption from corrective-action requirements,
1-400.71Consolidations—See Bank mergers and consolidations.
Consumer credit
Electronic fund transfers
involving
Unauthorized transfers
using access device,
6-379Equal credit opportunity, definition as to,
6-007;
6-5007Federal Reserve
Board Division of Consumer and Community Affairs responsibilities,
8-009Reporting practices,
interagency advisory,
3-1579.36See also Fair
credit reporting.
Retail credit, asset
classification,
3-1502Truth in lending—See also Truth in lending.
Consumer Credit Protection Act
Consumer Leasing Act,
6-550 et seq.
Equal Credit Opportunity
Act,
6-092 et seq.
See also Equal credit opportunity;
Equal Credit Opportunity Act.
Fair Credit
Reporting Act,
6-1550 et seq.
See also Fair credit reporting;
Fair Credit Reporting Act.
Fair Debt Collection
Practices Act,
6-1675 et seq.
See also Fair debt collection
practices; Fair Debt Collection Practices Act.
Foreign banking organizations, compliance with,
1-573.1Truth in Lending Act,
6-1030 et seq.
See also Truth in lending; Truth
in Lending Act.
Consumer Financial Protection Bureau
Consumer leasing
Estimates, disclosures as;
authority to permit,
6-551Model disclosure forms, authority to establish,
6-556.1Update and clarify regulations, authority to,
6-556.1Electronic fund transfers,
authority as to,
6-5300Administrative
enforcement,
6-5340Federal
law
Exemption from; state law,
6-5338Preemption of state law, determination
of,
6-395;
6-5337Staff interpretations,
issuance of,
6-5358.1Equal
credit opportunity
Annual reports to Congress,
6-110Enforcement responsibilities,
6-101Exemptions to states,
granting,
6-105Regulations
for enforcement,
6-099Fair credit reporting, enforcement authority,
6-1575Fair debt collection practices, enforcement
authority,
6-1696Financial
privacy, right to; supervisory authority,
6-1752Home mortgage disclosure
Research
into improved methods,
6-5238Privacy of consumer financial information, enforcement authority,
6-7382;
6-7383Real estate settlement procedures,
6-1370 et seq.
See also Real estate settlement procedures.
Interpretations, regulations,
and rules; reliance upon,
6-1379;
6-1380Uniform settlement statement, prescription
by secretary,
6-1353;
6-1354Regulation X—See Real estate settlement procedures, this
heading.
Reports by
Equal credit opportunity, annual report,
6-110Expedited Funds Availability Act, exceptions
to prevent fraud loss,
9-700Truth in Lending Act
Administration of; annual
report,
6-1069Credit card
price and availability information,
6-1102.1Right to financial privacy, supervisory authority,
6-1752Truth in lending
Regulations
as to, prescription,
6-1042Reports on
Credit card price and availability
information,
6-1102.1Truth
in savings, enforcement authority,
6-6979Consumer leasing
, 6-500 et seq.;
6-5500 et seq.
Adjusted capitalized cost
Electronic—See Electronic
communication, this heading.
Liability of owners and employees of medium,
6-554Capitalized cost reduction
Charges—See also specific types of charges, this heading.
See also specific items
to be disclosed, this heading.
Electronic—See Electronic communication, this
heading.
Early
termination
Electronic communication
Exempted transactions, state-regulated transactions—See State law, this heading.
Expiration of lease, lessee's liability—See Liability, this heading.
Federal Reserve Board authority—See Federal Reserve Board.
Fees, disclosure—See Charges, this heading.
Forms, disclosure
Federal Reserve Board authority to establish,
6-556.1Gross
capitalized cost
Itemization requirement, ``other
charges,''
6-510;
6-5510Late payment—See Delinquency, this heading.
Lessees
Liability of—See Liability, this heading.
Lessors
Liability
of—See Liability, this
heading.
Liability
Advertising medium, owners and employees of,
6-554Multiple-item
leases
Merchandise tags, alternative disclosures,
6-570;
6-5570Organizations
Payments
Penalties
Consumer Leasing Act, for
violations of,
6-553;
6-561Preemption of inconsistent
state requirements—See State law, this heading.
Regulation M—See Regulation
M.
Residual value
State law
Termination of lease
Early—See Early termination, this heading.
Lessee's liability—See Liability, this heading.
Vehicle-lease
disclosure forms
Consumer Leasing Act
, 6-550 et seq.
See
also Consumer leasing.
Consumer protection
Consumer complaint
information, access to Federal Reserve Board records,
8-351Insurance sales by state member banks,
6-2800 et seq.
Domestic violence
Discrimination against victims of,
6-2806Electronic media, definition,
6-2802Personnel, qualification and licensing requirements,
6-2814Regulations, authority
for,
6-2825 et seq.
Separation
of banking and nonbanking activities—See Location of insurance activities, this subheading.
State law, relation of federal law to,
6-2832Subsidiary, definition,
6-2803Privacy
See also Right
to financial privacy.
Nongovernmental
entities, disclosures to—See Privacy of consumer financial information.
Unfair or deceptive acts or practices,
3-1515Control of depository institution or company
, 4-050.8 et seq.;
4-435 et seq.
Acquisitions,
4-066 et seq.
Additional shares,
grandfathered,
4-052.1Approval by Federal Reserve Board,
4-066Stay because of antitrust law,
4-096Bank as sole trustee,
4-440Acting in concert, definition,
4-051.8Bank Holding Company Act, acquisitions subject to approval
or exempt under,
4-052.1Bank Merger Act, acquisitions subject to approval under,
4-052.1Commitments, enforcement
of,
4-397.1Debts previously contracted, in
satisfaction of; acquisitions,
4-052.31Federal Reserve
Board action, time period for,
4-052.5Foreign banking organizations
Insured depository
institution securities, loans collateralized by,
1-350.1;
4-052.74State
member bank securities, loans collateralized by,
4-052.71 et seq.
Grandfathered control
relationships,
4-052.1Hearings, rules of practice and procedure—See Hearings, generally.
Immediate family, definition,
4-051.8Increase of previously authorized
acquisitions,
4-052.1Indirect
acquisitions,
4-397Inheritance,
acquisitions through,
4-052.31Merger, incident to; reports,
4-803Notification
Federal Reserve Board delegated authority concerning,
8-107.3;
8-121.8Incomplete or inaccurate, return of,
8-107.3State banking agency, to,
1-345Presumption of concerted action,
rebuttable,
4-052Presumption
of control, rebuttable,
4-051.9Failure to solicit, authority to excuse,
8-121.8Redemption of securities by issuer,
4-052.32Merger, incident to,
4-803Third party, acquisitions
resulting from actions of,
4-052.32Violations, civil penalties,
1-352 et seq.
Change in Bank Control Act of 1978,
policy statement,
4-801Collateral
for loan, bank shares as,
4-452Combined individual and corporate control,
4-441Convertible preferred securities,
4-457Corporate
Individual control, combined with,
4-441Correspondent banks,
4-460Debts previously contracted, exclusion for; capitalization
of state member banks,
3-327Definition; loans to officers, directors, and shareholders of member
banks,
3-962Shares held by individual to qualify as,
4-437Disposition of shares, ultimate,
4-461Employee stock ownership
plan, purchase by,
4-453Equity investments, nonvoting,
4-462Directors, families of,
4-446Merger of subsidiary bank, retention of exemption,
4-531Principal shareholders,
families of,
3-1028Qualified
family partnership, definition,
4-065.4Fiduciary ownership, exclusion for; capitalization of
state member banks,
3-327Foreign banking organizations, of—See Foreign banking organizations.
Subsidiary, through,
4-438Corporate control combined
with,
4-441Nonvoting equity investments,
4-462Officer, executive;
by immediate family of,
3-1028Parent company, transfer of control to,
4-454Prior to control determination,
4-265Perpetual trust voting less than
25 percent,
4-442Presumptions of control
Investigation
of circumstances,
4-191.1Section 2(g)(3), under,
4-191Presumptions of noncontrol,
4-051.3Principal shareholder, by immediate family of,
3-1028Subsidiaries, indirect control through,
4-438Transfer of control
Parent company, to,
4-454Prior to control determination,
4-265Trustees
Bank
as sole trustee,
4-440Over
25 percent held by,
4-435Shares held by for benefit of shareholders,
4-439Trusts
Perpetual, voting
less than 25 percent,
4-442Voting, control through,
4-443Convertible debt securities—See Debentures; Securities.
Cooperative banks
Securities registration,
exemption,
5-079Cooperative marketing associations
Agricultural, adjudications before Federal Reserve Board; award of
fees and expenses,
8-091Agricultural and commercial paper purchase on open market, rulings
and principles,
8-855Discounts
of agricultural paper by Federal Reserve Banks,
1-127Cooperative organizations
Agricultural—See Agricultural cooperatives.
Marketing associations—See Cooperative marketing associations.
Securities registration, exemption,
5-079Correspondent relationships
Affiliate–member
bank relationships, exemption from quantitative limits,
3-1156Definitions—See Definitions.
Federal Reserve Banks,
foreign correspondents of,
9-834Interbank liabilities, limitations,
3-001 et seq.
See also Interbank transactions.
Loans by—See Loans to officers, directors,
and shareholders of member banks.
Money
laundering, programs to prevent,
3-1705.2 et seq.
See also Currency
and foreign transactions.
Pass-through
accounts, reserve requirements—See Pass-through accounts and Pass-through correspondents.
Cosigners
Equitable requirement on
credit application,
6-132Spouse not to be specified on credit application,
6-037;
6-5037Cotton
Commodity Credit Corporation
notes on, execution by member bank executive officer as prohibited
transaction,
3-1047Counsel—See Attorneys.
Country risk
—See also International lending supervision.
Bank portfolio examination, uniform procedures,
3-1510Reserves, additional—See International lending supervision, at Allocated transfer-risk reserve.
Courts—See Federal courts.
Covenants—See Securities credit by banks and persons other than brokers
and dealers.
Credit
—See also Loans; classes
of borrowers and lenders, generally.
Aggregates,
Federal Reserve Board to maintain,
1-017Arranging by securities brokers or dealers—See Arranging credit.
Availability, interagency program to ensure,
3-1511Balances—See Balances.
Business
See also Equal credit opportunity; Truth in lending.
Rate ceilings,
1-610 et
seq.
Closed-end—See Equal credit opportunity; Truth in lending.
Commercial—See Business, this heading.
Consumer—See Consumer credit.
Reporting—See Fair credit reporting.
Control—See Credit control.
Definition
Credit control, as to,
1-535Equal credit opportunity, as to,
6-097Disclosures—See Truth in lending.
Equal opportunity—See Equal credit opportunity.
Federal Reserve Bank—See Federal Reserve Banks.
History—See Equal credit opportunity.
Incidental—See Equal credit opportunity.
Information—See also Equal credit opportunity.
Foreign banks, Federal Reserve Banks' furnishing,
7-092Open-end—See Equal credit opportunity; Truth in lending.
Programs—See also Equal credit opportunity.
Reporting—See Fair credit
reporting.
Securities—See Borrowers obtaining securities credit;
Credit by brokers and dealers; Securities credit by banks and persons
other than brokers or dealers.
Credit and charge cards
—See also Debit cards; Truth
in lending.
Accepted, defined as to truth in
lending,
6-1036Account
management, interagency guidance,
3-1485Address change, notice of followed by request for
additional or replacement card; regulations governing,
6-1568.4;
6-3120;
6-3121Agent as issuer, truth in lending,
6-1161.7Allowance for loan
losses, interagency guidance,
3-1485Altered credit cards, use,
6-1098 et seq.
See also Truth in lending.
See also specific items to be disclosed, this heading.
Internet, or other interactive
computer service,
6-1081.194Bank
Business purposes
of bank, card issued to employees for; insider-lending restrictions,
3-1081.5Community reinvestment—See Community reinvestment.
Organization engaging credit card operations
not considered bank,
4-060Bank holding companies, activities not closely related to banking
Bank, organization engaging solely in credit card
operations not considered,
4-060Bank holding company status, exemption from,
4-082.11Deposit accounts,
credit card accounts linked to,
4-338.1Supermarket credit cards, provision of,
4-334Cardholder
Cash discounts, use with,
6-1118Charge cards
Disclosures in applications and solicitations—See Applications and solicitations, this heading.
Charges—See Fees, this heading.
Check-guarantee cards excluded from claims and defense
provisions,
6-750;
6-5750Community development loans, not considered,
6-1271.2Counterfeit credit cards, use,
6-1098 et seq.
Debit cards—See Debit cards.
Definitions—See also Charge cards, this heading.
Deposit accounts linked
to credit card accounts; activities not closely related to banking,
4-338.1Disclosures
Applications and solicitations—See Applications and solicitations, this heading.
Consumer Financial Protection Bureau, regulatory
authority over,
6-1081.19Requirements
for refusal to honor,
6-1598Electronic Fund Transfer Act
Equal credit opportunity,
definition as to,
6-007;
6-5007Fair credit reporting disclosure requirements
for refusal to honor,
6-1598Fees
See also Truth in lending.
Fictitious credit
cards, use,
6-1098 et seq.
Finance charges—See also Truth in lending.
Forged credit cards, use,
6-1098 et seq.
Forms, model—See Forms, at Truth in lending.
Fraudulent use,
6-1098 et seq.
Government travel charge
cards, disclosures of financial records in connection with,
6-1775.4Holder—See Cardholder, this heading.
Hybrid card, purchase of stocks with,
5-942.14Identity theft—See Identity theft.
Issuer
State member bank investment
in permissible,
3-447.14Late payments—See Fees, this heading.
Liability—See Unauthorized
use, this heading.
Lost
credit cards
Member bank
officers and shareholders, reports on extension of credit to; credit
card plans,
3-1095Merchant-service
provider, state member bank investment in permissible,
3-447.14Minimum required payment, warnings
about making,
6-1081.01 et seq.
Money laundering, preventing; programs for operators
of credit card systems,
3-1742.7Privacy of consumer financial information
Receipts, truncation of account numbers,
6-1555.21Refusal to honor, fair credit reporting disclosure
requirements,
6-1598Regulation
E
Renewal of account
Reports on extension
of credit to member bank officers and shareholders, credit card plans,
3-1095Rights
Risk management, interagency guidance,
3-1485Small-business loans, community
reinvestment,
6-1279.3Solicitations—See also Applications and solicitations, this heading.
Stocks—See Securities transactions, this heading.
Stolen credit
cards
Supermarket, provision by bank holding companies; not
closely related to banking,
4-334Systems, operators of; anti-money laundering programs,
3-1742.7Unauthorized
use
Agreement between card issuer and holder,
6-749;
6-5749Burden of proof
on issuer,
6-1097Credit by brokers and dealers
, 5-051 et seq.;
5-392 et
seq.
See also Regulation T; Securities brokers and dealers.
Accounts—See also specific types
of accounts, this heading.
Withdrawals of cash or
securities from,
5-409Adjusted
debit balance
Liquidation in lieu of deposit,
5-486Same-day withdrawal,
5-516Affiliated corporations, definition as to
broker-dealer credit accounts,
5-392.1Arbitrage accounts
See also Arbitrage.
Conversions and reverse conversions,
5-540Convertible securities, offsetting sale of in,
5-541.1Employee stock options,
cashless exercise of,
5-541Interest
accrued in,
5-699Loss,
transactions resulting in,
5-696Short sales against the box,
5-541.2Arranging for loans by others—See Arranging credit.
Back office, joint or common; broker-dealer
credit account,
5-422;
5-615.81 et seq.
Backup withholding, cash accounts,
5-615.91Banks, not included
as creditor in transfer of accounts,
5-511Mutual funds, from,
5-610Borrowing by creditors, repeal of certain
restrictions on,
5-473Broker-dealer
credit accounts,
5-422 et seq.;
5-615.7 et seq.
Customer,
broker-dealer as,
5-474.4Government securities, options on; purchase by government securities
dealer,
5-615.77Limited
partnership units, loans to purchase;
5-615.73Midwest Clearing Corporation, trades cleared
through,
5-615.76Calls—See Options.
Cancellation of transactions by creditors,
5-428Public offering, cancellation after
final prospectus,
5-641.13Cash accounts—See Cash accounts.
Cash
equivalent, definition,
5-392.1Cash out, loan to; purpose credit,
5-677Cash withdrawals—See Withdrawals
of cash or securities, this heading.
Certificates of deposit, ineligible as collateral in
margin accounts,
5-686.1Chain borrowing, borrowing and lending securities,
5-615.12Clearance of securities,
5-436Clearing firms,
5-618 et seq.
See also Clearing agencies.
COD transactions—See Delivery
against payment, this heading.
Coins, buying and selling; nonsecurities credit account,
5-650.85 Collateral—See specific types of collateral, this heading.
Commingling of securities,
5-056Commodities transactions
Futures—See Futures, this heading.
Good faith account, in,
5-421Limited partnerships,
as margin for,
5-650.84Common back office—See Back office, joint or common, this heading.
Convertible securities
Arbitrage account, offsetting sale of in,
5-541.1Cover for options—See Options.
Credit balances, definition,
5-393Credit cards, use of in securities transactions,
5-606.59Creditor
Bank, non–exchange member; not considered in transfer,
5-511Partner of
Accounts of, margin and equity of,
5-407.1Representatives of firms, registered,
5-621.4National Corporation
for Housing Partnerships, broker-dealer subsidiary of,
5-621.3Credit union, margin account arrangement
with broker-dealer,
5-650.32Current market value—See Securities, at Valuation.
Customer
Clearing firms, of—See Clearing agencies.
Limited partnership, relationship within,
5-621.53Trader/employees trading in broker-dealer
accounts,
5-621.51Trader/members
of broker-dealer,
5-621.54Debit balance, definition,
5-394Adjusted—See Adjusted debit
balance, this heading.
Debt securities, convertible—See Convertible
securities, this heading.
Delivery against payment
Cash accounts—See Cash accounts.
Depository receipts, loan value—See Loan
value, this heading.
Disclosure
to customer,
5-067Dividends
Collateral, as; purpose credit,
5-942.19Debiting margin accounts by creditors,
5-410Due bills, acceptance
of in short sale,
5-492Emergency credit, broker-dealer credit account,
5-423Employee stock option and ownership plans—See Employee stock option and ownership
plans, at Broker-dealer, credit by.
Employee stock options, receipt of funds or securities,
5-677.5 et seq.
Employee
warrants, receipt of funds or securities,
5-677.55Equity, definition,
5-394Escrow agreements and receipts—See Options.
Eurobond
transactions, settlement periods,
5-638.56Euroclear System, borrowing and lending securities,
5-615.22Examining authority,
definition,
5-395Borrowing and lending securities,
5-439Broker-dealer credit account,
5-425Regulation T inapplicable to,
5-392Exempted securities—See Exempted securities.
Exempted securities mutual fund, definition,
5-395Cash account,
payment in—See Cash accounts.
Margin account, deposit in,
5-479Transfer of transaction before expiration
of extension,
5-512Fail
float—See Cash accounts.
Foreign broker-dealer, transactions with U.S.
subsidiary broker-dealer,
5-650.355Foreign currency
Debits, computing
deficiency,
5-408Put, call, or warrant
on; margin requirement,
5-445Foreign-exchange transactions, good faith accounts,
5-421Foreign margin stocks
Foreign person,
definition,
5-395.1Foreign
securities
Eurobonds
Foreign stocks,
transactions involving,
5-650.355Forms—See Forms, at Form T-4.
Free-riding—See Cash accounts.
Freeze, 90-day—See Cash accounts, at Ninety-day freeze
provision.
Fungibility of shares,
5-517Futures
Trading, exempted borrower,
5-621.7Good faith account,
5-419 et seq.
Good faith margin
Securities entitled to,
5-419Sound credit judgment, exercising to determine,
5-407.2Government securities
Cash account, sale of in; proceeds used to purchase
other securities,
5-616.1Options
on, purchase by government securities dealer,
5-615.77Government trust certificates, exempt securities—See Foreign military sales credit program, this heading.
Guarantee
of accounts,
5-404Hedging
Installment sales, cash account,
5-717Debiting margin accounts by creditors,
5-410Interest rates, for margin
account,
5-650.33International
transactions,
5-638.5 et seq.
Irrevocable surety bond, purpose credit secured by,
5-677.2Joint
or common back office—See Back office,
joint or common, this heading.
Joint ventures
Contributions to;
margin accounts,
5-407.2Creditors, participation by,
5-485Lending of securities by creditors—See Borrowing and lending securities, this
heading.
Limited partnerships—See Limited partnerships.
Limited
partnership, option to cure default,
5-640Maintenance margin requirements,
5-648Market manipulation, disruption,
5-641Loan value
Depository receipts
Standard and Poor's Index depository
receipts,
5-646.14Option plans, assignment
securing loan,
5-666.16Maintenance margin requirements,
5-647 et seq.
Maintenance of credit,
5-403Cash account, attempt to evade margin requirements
through COD payment,
5-707Deficiency, definition,
5-396Excess
Special memorandum account,
5-508Maintenance—See Maintenance margin requirements, this heading.
Margin accounts—See Margin accounts, this heading.
Options—See Options, at Margin requirements.
Special memorandum account, excess margin,
5-508Certificates of deposit ineligible as collateral,
5-686.1Credit union, arrangement
with,
5-650.32Liquidation—See Liquidation
in lieu of deposits, this heading.
Margin transactions,
5-407Multiple account numbers
for single account,
5-650.352Stock as collateral
Transfers between creditors,
5-407.2Margin calls
Liquidation of securities in lieu of deposits,
5-409Margin equity security, definition,
5-396Margin securities, definition,
5-397Market maker
Broker-dealer credit account,
5-425Emergency credit to customers of,
5-615.79Merger, reverse triangular; purpose
credit,
5-677Metals, buying
and selling; nonsecurities credit account,
5-650.85Military sales—See Foreign military sales credit program, this heading.
Mistakes, innocent,
5-406Mortgage-related securities
Net settlement, when-issued securities,
5-615.952Pass-through certificates, when-issued,
5-744.1Multiple account numbers,
single account,
5-650.352Exempted securities, as—See Exempted securities.
Money market, definition,
5-397National Corporation for Housing
Partnerships, broker-dealer subsidiary of, not considered creditor,
5-621.3National market
system for securities, establishment of,
5-067.1National market system security, registration
requirements,
5-679.1New
securities
Prohibitions on transactions in,
5-067Reorganization and recapitalization,
margin status,
5-683.1Ninety-day freeze—See Cash accounts.
Nonexempted securities
Sale, 90-day freeze,
5-429Nonmargin security, cash withdrawal for purchase of,
5-634.11Nonpurpose
credit
Good faith account, in,
5-421Line of, nonsecurities credit account;
Form T-4,
5-650.82Nonsecurities credit accounts
Continuing
line of credit, Form T-4,
5-650.82Offset positions, permitted for specialists,
DIAMONDS,
5-646.16Omnibus
accounts
Clearing firm, use by,
5-619Foreign broker-dealers,
5-737Transactions financed but not effected
in account,
5-736Options—See Options.
Over-the-counter margin stocks
List—See Over-the-counter margin stock
list.
Parent institution not customer of
clearing firm, indicia of ownership,
5-621.14Payment
Period, definition,
5-400Prompt—See Prompt payment, this heading.
Receipt of funds or securities—See Receipt of funds or securities, this heading.
Portfolio margining system,
financial relations complying with,
5-392Premiums on borrowed securities, debited to margin
account,
5-483 Prime broker
transactions,
5-420Cash accounts—See Cash accounts.
Puerto Rico, Government Development Bank of; bonds as
exempted securities,
5-628.12Securities exchange seat, factoring proceeds of sale
of,
5-677.1Stock dividend,
loan secured by,
5-942.19Purpose statement—See Forms, at Form T-4.
Puts—See Options.
Recapitalization and reorganization,
5-682 et seq.
Records
maintained by creditors,
5-403Refinancing, purpose credit,
5-676Registered securities, withdrawal on same day as another
transaction,
5-516Reorganization and recapitalization,
5-682 et seq.
Restricted account,
substitution of same number of shares of same stock,
5-517Risk transactions, arbitrage accounts,
5-697Securities, receipt
of as payment
Receipt of as payment—See Receipt of funds or securities, this heading.
Securities exchange seat
Factoring proceeds of sale of,
5-677.1Securities future products,
5-051.1Select Sector SPDR Funds,
loan value,
5-646.17Separation
of accounts,
5-403Service
charges, debiting by creditors,
5-410Shipment of securities, time extension; cash accounts,
5-428Short positions
Margin securities, in,
5-688Short puts and calls—See Options.
Short
sales of securities,
5-492 et seq.;
5-687 et seq.
Warrant box combined
with short sale,
5-693.4Bank loan secured by second lien on margin account,
5-928.2Borrowing and lending securities,
5-439Cash account, in; dividend reinvestment plan,
5-615.21Convertible debt security,
5-688DIAMONDS, use of to offset margin
requirements,
5-646.16Due
bills, acceptance of,
5-492Margin requirements,
5-444Exchanges, requirements of,
5-687Options—See Options.
Specialist
credit, broker-dealer credit account,
5-425Delivery-against-payment transactions,
5-616.11Special-purpose
credit,
5-425Standard
and Poor's Index depository receipts, loan value,
5-646.14Stock dividend, loan secured by;
purpose credit,
5-942.19Stock not on over-the-counter list as collateral,
5-650.31Straddles—See Options.
Subsidiaries of broker-dealers
Creditors, as; broker-dealer credit accounts,
5-615.7Sister subsidiaries,
as customers,
5-621.5Surety
bond, irrevocable, as collateral,
5-677.2Tax, transfer; debited to account,
5-483Tenders offers—See Tender offers.
Time limits for margin calls
Cash accounts,
for,
5-427Extension of—See Extension of time by creditors, this heading.
Transfer of transaction
to another account,
5-430;
5-512Transfers of margin accounts between creditors
SMA letter forwarded to broker,
5-739Treasury bond options, covers for,
5-666.15Underlying
securities, definition,
5-402Undermargined accounts—See Adjusted debit
balance, this heading.
Unissued securities
Margin requirements,
5-652Valuation of securities—See Securities.
Variable-annuity contracts,
5-741Warrants on securities index or foreign currency,
margin requirements,
5-445When-distributed securities,
5-742Withdrawals of
cash or securities,
5-409Nonmargin security, for purchase of,
5-634.11Same day as other transaction,
5-516Short sales—See Short sales of securities, this heading.
Withholding, backup; cash accounts,
5-615.91Credit Card Accountability, Responsibility, and Disclosure
Act of 2009
, 6-1565.3Credit cards—See Credit and charge cards.
Credit control
, 1-532 et seq.
Amounts of credit extended, reports
on,
1-541Attorney general,
actions on behalf of,
1-534Authority for institution,
1-539Borrower defined as to,
1-536Characteristics of credit extended, reports on,
1-541Civil penalties for
violations,
1-543Credit
Control Act,
1-535 et seq.
Credit defined as to,
1-535Creditor defined as to,
1-535Credit sale defined as to,
1-536Credit transaction
Interest rate
determination,
1-538Licensing
requirements,
1-540Registration requirements,
1-540Criminal penalties
for violation,
1-544Defense
Production Act provisions,
1-532 et seq.
Delegation of authority,
1-533Federal Trade Commission surveys,
1-533Extension of credit defined as to,
1-536Federal Reserve Board
Regulations issued by,
1-537Injunctions involving,
1-542Interest rate determination on credit transactions,
1-538Kinds of credit extended,
reports on,
1-541Licensing
credit transactions,
1-540Loan defined as to,
1-536Penalties
Recordkeeping for credit transactions,
1-540Regulations prescribed by Federal
Reserve Board,
1-537Credit Control Act
, 1-535 et seq.
See
also Credit control.
Credit
reporting—See also Fair credit reporting; Truth in lending.
Foreign banking organizations engaging in,
3-591Credit scoring systems—See Equal credit opportunity.
Credit unions
—See also National Credit Union Administration.
Bank, as
Bank holding company
activities, not considered,
4-060Currency and foreign transactions, reporting requirements,
3-1700 See also Currency and foreign transactions, generally.
Borrowings
from corporate central credit union exempt from reserve requirements,
2-305.4Checking-type accounts
maintained at corporate central as due-from deductions, as to reserve
balances,
2-307.7Corporate
central credit union, borrowings from exempt from reserve requirements,
2-305.4Currency transactions—See Currency and foreign transactions, generally.
Definition
as to robbery and theft,
1-470Derivatives activities, risk management,
3-1562Employee stock option plans—See Employee stock option and ownership plans.
Executive officers of member banks, reports
of indebtedness to credit unions,
3-1052Expedited funds availability, California regulations,
9-661Federal Reserve Bank
credit, credit union as depository institution,
2-002Foreign transactions—See Currency and foreign transactions, generally.
Interest
payments by—See also Availability
of funds.
Disclosure, regulations governing,
6-6990Interlocks, management
official,
3-824Margin
account arrangement with broker-dealer,
5-650.32Member banks, indebtedness of executive officers
to credit unions; reports of,
3-1050 et seq.
Money laundering, prevention of—See Currency and foreign transaction, generally.
Payroll savings,
check presented; means of reporting,
2-306.3Recordkeeping requirements,
2-306.8Reserve requirements
Balances, checking-type accounts maintained at corporate central
as due-from deductions,
2-307.7Corporate central credit union, borrowings from exempt,
2-305.4Depository institution,
credit union as,
2-155;
2-210Recordkeeping requirements,
2-306.8Shares not deposits,
2-133Robbery, penalties,
1-467 et seq.
Securities credit
Employee stock option plans—See Employee stock option and ownership plans.
Margin account arrangement with broker-dealer,
5-650.32Securities investments,
risk management,
3-1562Share drafts of deposited in account—See Availability of funds.
Shares, not deposits for purposes of reserve requirements,
2-133Creditworthiness—See Equal credit opportunity.
Crimes
—See also specific crimes.
Acceptance, unauthorized
circulation,
1-462Advertising,
false; as to banking operations,
1-458Agreement corporation, reporting of,
3-521Bank employees
Dishonesty
blanket bonds,
3-1555Employment
references, disclosure of suspicions of illegal activity,
1-398.4;
3-1776.6Bank examiner
Gratuity or loan, financial institution
offering to,
1-451Acceptance
by examiner,
1-452Information,
disclosure by,
1-465Services
performed for financial institution in return for compensation,
1-466Bank holding company
Employment of convicted individual,
1-398.52Reporting of known or suspected crimes,
4-015.2Banking practices,
1-448 et seq.
Bank note,
unauthorized circulation,
1-462Bank robbery—See also Robbery.
Prevention—See Security devices and procedures.
Bill of exchange, unauthorized circulation,
1-462Bond, unauthorized
circulation,
1-462Bookkeeping,
false entry,
1-462Certificate
of deposit, unauthorized circulation,
1-462Checks, false certification,
1-461Commission, requesting or accepting for procuring
loan,
1-454 et seq.
Conflict
of interest—See Conflict
of interest.
Consumer credit reports,
information about convictions in,
6-1555 Currency
Issuance, wrongful,
1-455Laundering—See Currency and foreign transactions;
Money laundering.
Debenture, unauthorized
circulation,
1-462Drafts,
unauthorized circulation,
1-462Edge corporations
Directors, officers, or employees
of; crimes committed by,
1-250Examiner—See Bank examiner, this heading.
Extension of
credit, false statements to influence,
1-463Fair Credit Reporting Act, penalties for noncompliance,
6-1647False representation—See False representation.
Federal Reserve notes, wrongful issuance,
1-455Fees, personal; requesting
or accepting for procuring loan,
1-453 Felony, charges as cause for removal of party affiliated
with insured depository institution; rules and procedures for hearings,
8-086.9 et seq.;
8-101Foreign bank in United States, reporting crimes
or suspected crimes,
3-606Bank Holding Company Act, foreign banks subject to,
4-015.2Foreign governments indebted to
United States, financial transactions with,
1-459Gifts, requesting or accepting for procuring
loan,
1-454 et seq.
Gratuities—See Bribery.
Inside information, use of—See Securities violations.
Institution-affiliated party, committed by
Notice
of intention to remove from office,
1-364Orders of suspension, removal, and prohibition from
participation,
1-369Judgment,
unauthorized issuance,
1-462Kickbacks—See Real estate
settlement procedures.
Larceny, bank;
committed by nonemployee,
3-372Loans
Commissions, requesting or
accepting for procuring loan,
1-454 et seq.
Examiners, financial institution offering to,
1-451Acceptance by examiner,
1-452False statements to
influence,
1-463Fees,
personal; requesting or accepting for procuring loan,
1-453 Gifts, requesting or accepting for
procuring loan,
1-454 et seq.
Lotteries, financial institutions barred from participation in,
1-464Mortgage, unauthorized
issuance,
1-462Note, unauthorized
circulation,
1-462Obligations
Representing that United States is liable for,
1-251Unauthorized circulation,
1-462Personal financial
interest, acts affecting,
1-449 et seq.
Federal Reserve Bank directors,
8-168 et seq.
Robbery—See Robbery.
Savings and
loan holding companies, employment of convicted individual,
1-398.52Securities—See Securities violations.
Smuggling currency or other monetary instruments,
3-1788.37Terrorism
Consumer reporting agencies, disclosures to government
agencies—See Fair credit
reporting.
Definition, domestic and international,
1-470.1Falsification and
concealment involving, penalties,
1-460Financial privacy in connection with investigations
of—See Right to financial
privacy.
Money laundering—See Currency and foreign transactions.
Theft—See also Theft.
Bank, from,
1-467 et seq.
Trading with
the enemy,
1-441Currency
—See also Cash; Coinage; Money.
Bank of issue not identifiable, redemption by Treasurer
of the United States,
1-431Comptroller
general, cancellation or destruction of currency; records of federal
agencies available for,
1-288Confiscation for trading with the enemy,
1-440Conversion of foreign currency into United
States currency,
1-423 Definition as to currency and foreign transactions,
3-1700.11Destruction, records of federal
agencies available for Comptroller General,
1-288Federal Reserve Bank currency services, fee
schedules; coverage,
1-105;
9-1562;
9-1567Access, policy
statement,
9-1578Federal
Reserve notes—See Federal
Reserve notes.
Foreign currency—See Foreign currencies.
Gold—See Gold.
International Monetary Fund, purchase
from,
1-494;
1-495Issuance
Department of the Treasury,
by,
1-084Wrongful, Federal
Reserve notes,
1-455Legal
tender, definition,
1-415Redemption in gold of cancelled currency,
1-420Security devices and procedures, currency
safekeeping, locked teller drawers as substitute for removing currency,
3-452Trading with the
enemy, confiscation for,
1-440Transactions—See Currency
and foreign transactions.
Treasurer of
the United States to redeem when bank of issue not identifiable,
1-431United States currency
Foreign currency converted into,
1-423Shipments from foreign banks, acceptance
of,
7-093Vault cash—See Reserve requirements, at Vault cash.
Currency and foreign transactions
, 3-1700 et seq.
See also Bank Secrecy Act; Money
laundering.
Accept transmittal order, definition,
3-1700Administrative procedure, uninsured financial institutions,
3-1759Anti-money laundering programs,
3-1710.5 et seq.
See also specific
type of entity or account, this heading.
Authority of Secretary of Treasury to require,
3-1776.8Enforcement to address noncompliance with
requirements, interagency statement,
3-1873.21Federal banking agency, records request by,
3-1776.83At one time, definition,
3-1700Bank checks and drafts
for over $3,000
Identification required,
3-1786Records of sales,
3-1786 et seq.
Banks
State member banks, procedures for monitoring Bank Secrecy
Act compliance,
3-378;
3-379;
3-408.1Uninsured
Administrative procedure,
3-1759Reports on ownership and control,
3-1751Beneficial owner,
definition as to anti-money laundering programs,
3-1705.1Beneficiary
Beneficiary's bank,
definition,
3-1700.1Brokers
and dealers—See Securities brokers and
dealers, this heading.
Business, reports of receipt of currency in excess of
$10,000—See Trade or business, this heading.
Cash—See Currency, this heading.
Cashier's checks for over $3,000
Identification required,
3-1786Casinos
Exceptions
and exemptions from reporting requirements,
3-1709.61Money-transmitting business, violation of registration requirements,
3-1788.3Uninsured banks
and financial institutions,
3-1755Coin and currency transactions—See Currency, this heading.
Commodity
Broker, introducing
Enforcement,
interagency statement,
3-1873.21 et seq.
Uninsured banks and financial institutions,
3-1758Control of uninsured banks and institutions, reports on,
3-1751Correspondent accounts
Foreign banks, for
Burmese
financial institutions,
3-1705.4 et seq.
Due-diligence programs,
3-1705.2 et seq.
Termination of after failure to comply with records request,
3-1705.91Covered institution,
as to anti-money laundering programs,
3-1705.11Credit card systems, operators of; anti-money
laundering programs,
3-1742.7Domestic coin and currency transactions,
reporting violations,
3-1785.2International monetary-instrument transactions, reporting or structuring
violations,
3-1785.2Uninsured
banks and financial institutions,
3-1756Cross-border transmittals of funds, reporting,
3-1776.842Currency—See also Monetary instruments, this
heading.
Dealer, as money-services business,
3-1700.51Exchanger, as money-services business,
3-1700.51Foreign—See Foreign currency, this heading.
Domestic—See Domestic coin and currency transactions, this
heading.
Nonfinancial trade
or business, coins and currency received in,
3-1788.36Retention of records and reports,
3-1734Transportation—See Transportation of currency or monetary instruments, this heading.
See also Customer identification
programs, this heading.
See also Customer, definition, this
heading.
Agreement corporations,
3-521Depository institutions,
3-1710.7 et seq.
Futures commission merchants,
3-1734.7 et seq.
Person presenting transaction and on whose behalf it is
conducted,
3-1702.4;
3-1789.2Reliance on another
financial institution,
3-1710.73Dealers or exchangers of currency, additional records
to be made and retained by,
3-1719.7 et seq.
Depository institutions, transactions between;
exemption,
3-1767.1Dollar equivalents
in foreign currency,
3-1709.7Domestic account of person outside United States, transfer
of funds to,
3-1703.5Criminal penalties
for violations,
3-1785.2Exemptions
Discretionary; qualified business
customer,
3-1767.2 et seq.
Domestic wire transfers, recordkeeping and
reporting requirements,
3-1209.2 et seq.;
3-1215Enforcement responsibilities,
3-1707 et seq.
Transportation
of currency or monetary instruments, as to,
3-1707.5See also specific type of exemption, this heading.
Exporting monetary instruments—See Transportation of currency or monetary instruments, this heading.
Financial agencies
Foreign—See Foreign financial
agencies, this heading.
Financial institutions
Anti-money-laundering
programs,
3-1710.5 et seq.
Authority of secretary of Treasury to require,
3-1776.8Correspondent and private-banking accounts,
due-diligence programs,
3-1776.81Uninsured
Administrative procedure,
3-1759Reports on ownership and control,
3-1751Foreign banks
Conviction
for money-laundering offense; Federal Reserve Board termination proceeding,
1-570.71Correspondent accounts
for—See Correspondent accounts, this heading.
Foreign currency
Foreign
financial accounts
Records to be kept by persons
with financial interests,
3-1703.3Foreign financial agencies
Transactions by, records and reports on,
3-1768 et seq.
Transactions with, reports of,
3-1702.95 et seq.
Foreign financial
institution, definition,
3-1705.12Foreign financial institutions, due-diligence programs
for correspondence accounts for,
3-1705.2 et
seq.
Foreign governments, embassies, and political
figures; accepting accounts from,
3-1873.19Foreign persons, private-banking and correspondent
bank accounts involving, due diligence,
3-1776.81Customs search without warrant,
3-1774.1Funds transfer
Futures commission merchants
Anti-money
laundering program, requirements,
3-1710.5Customer identification programs,
3-1734.7 et seq.
Financial institution, defined as,
3-1764Private-banking accounts, due-diligence programs,
3-1705.25 et seq.
Suspicious-activity
reports,
3-1735.3 et seq.
Gaming establishment, as financial institution,
3-1700.31Government agencies and entities
Availability of reported information to,
3-1738Exemption for transactions
with,
3-1767.1Government
obligations, photographic reproductions,
3-1709.3Identification of accountholder—See Customer identification programs, this heading.
Importing monetary instruments—See Transportation of currency or monetary instruments, this heading.
Indian lands,
included in definition of ``United States,''
3-1700.81Indian tribe, included in definition of ``person,''
3-1700.6Uninsured banks and financial institutions,
3-1754Insular possessions, definition,
3-1700.3Intermediary
financial institution, definition,
3-1700.41International operations, special measures,
3-1776.85 et seq.
Interpretations
of Treasury regulation,
3-1706Investigations of violations
Loan or finance
company
Anti–money laundering programs,
3-1745.2Monetary
instruments
Customs search without warrant,
3-1774.1Identification required to purchase,
over $3,000,
3-1786Transporting
Money laundering—See Anti-money-laundering programs, this heading, and this heading generally.
Money orders
Identification required to purchase,
over $3,000,
3-1786Issuer
of as money-services business,
3-1700.51Records of sales, $3,000 or more,
3-1703.2 et seq.
Money-services business
Anti-money laundering programs,
3-1718.7Suspicious-activity reports,
3-1719.2 et seq.
Money-transmitting business
Money-transmitting
service, definition,
3-1788.34Mutual funds
Anti-money laundering
programs,
3-1726.7 et seq.
Suspicious-activity reports,
3-1727.2 et seq.
Nonfinancial trade or business
Reports
relating to coins and currency received in,
3-1788.36Non–United States person, definition,
3-1705.12Offshore banking
license, definition,
3-1705.12Option on a commodity, definition,
3-1700.2Originator
Penalties
Uninsured
banks and financial institutions, as to,
3-1755Uninsured banks and financial
institutions, as to,
3-1756;
3-1757Person
Outside United
States, transfer of funds to domestic account of,
3-1703.5Photographic reproductions of government
obligations,
3-1709.3Physical
presence, as to foreign banks,
3-1705.13Politically exposed persons; transactions involving,
3-1851Postal Service—See United States Postal Service, this heading.
Private-banking account
Receiving financial institution, definition,
3-1700.61Recipient's financial
institution, definition,
3-1700.61Brokers, introducing; in commodities,
3-1735.33Cancellation and destruction of currency,
1-288Customer identity—See Customer identification programs, this heading.
Dealers or exchangers of
currency, additional records to be made and retained by,
3-1719.7 et seq.
Depository
institutions, additional records to be kept by,
3-1722 et seq.
Exceptions and exemptions
granted by Treasury secretary,
3-1709.6 Federal banking agency, request for by,
3-1776.83Financial institutions,
records to be kept by,
3-1703.1 et seq.
Foreign financial accounts,
records to be kept by persons with financial interests in,
3-1703.3Maintenance determined
by Treasury secretary,
3-1703Usefulness determined by Treasury secretary,
3-1702Regulated affiliate, as to foreign banks,
3-1705.14Reportable transaction,
definition,
3-1787.1Reports—See also this heading generally.
Congress, to; by secretary of the Treasury,
3-1789.3Rulings,
administrative; interpreting Treasury regulation,
3-1708 et seq.
Securities brokers and dealers
Anti-money
laundering program, requirements,
3-1710.5Introducing, in commodities
Customer identification programs,
3-1734.7 et seq.
Private-banking accounts, due-diligence programs,
3-1705.27Suspicious-activity
reports,
3-1723.3 et seq.
Introducing broker in commodities,
3-1735.3 et
seq.
Senior foreign political figure, definition,
3-1705.15Smuggling currency
or other monetary instruments,
3-1788.37Special measures for areas of primary money-laundering
concern,
3-1705.4 et seq.;
3-1776.85 et seq.
Stored value
Issuer
of as money-services business,
3-1700.51Structuring transactions to evade reporting requirements,
3-1702.6;
3-1785 et seq.
State member,
3-374 et seq.
Disclosing to head offices and controlling companies,
3-1873.2Edge and agreement
corporations,
3-521Enforcement
of filing requirements,
3-1873.24Foreign banks in United States,
3-606Robbery or burglary, report
not required,
3-1711.32Securities;
lost, missing, counterfeit, or stolen; report not required,
3-1711.32;
3-1723.32Securities brokers and dealers,
3-1723.3 et seq.
Sharing with head offices and controlling
companies,
3-1873.2State
member banks,
3-374 et seq.
Taxpayer identification number
Terrorism
Customer identification
programs, list of known or suspected terrorists and terrorist organizations,
3-1710.72Definition of ``terrorist
activity,''
3-1704Information
sharing to deter, procedures,
3-1704 et seq.
Money-services businesses, reporting
suspected activity,
3-1719.2 New accounts, consulting lists of terrorist suspects,
3-1776.84Trade or business
Reports of currency in excess of $10,000 received in,
3-1702.7 et seq.
Business—See Money-transmitting business and Money-transmitting service, this heading.
Domestic account of person outside
United States,
3-1703.5Person who engages in, defined as a financial institution,
3-1762 Transmittal of funds,
definition,
3-1700.8Transmittor's financial institution, definition,
3-1700.8Transportation of currency
or monetary instruments
Traveler's
checks
Large-denomination, purchases of
Identification required,
3-1786Money-services business; issuer, seller, or
redeemer as,
3-1700.51Treasury secretary
Disclosure
of information, exceptions and exemptions granted by,
3-1709.6;
3-1787.2Interpretive rulings and commentary,
3-1788.25Records to be maintained, determination,
3-1703United States Postal Service
Reports of transactions of over $10,000,
3-1702.2Violations, penalties for—See Penalties, this heading.
Wire transfers, recordkeeping and reporting requirements,
3-1209.2 et seq.;
3-1215Customers
—See also Clearing agencies.
See also specific type of entity.
Definition—See Definitions.
Securities dealers'—See Credit by brokers and dealers.
