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Subject Index

Principal Subject Index Headings

A  |  B  |  C  |  D  |  E  |  F  |  G  |  H  |  I  |  J  |  K  |  L  |  M  |  N  |  O  |  P  |  R  |  S  |  T  |  U  |  V  |  W
E
Early withdrawal of time deposits
Advertising—See Truth in savings, at Time accounts.
Agreement to pay before maturity, 2-343.16
Bank assets and liabilities, transfer, 2-343.11
Call provisions, 2-343.2
Death of depositor or owner
Renewal or reinvestment after death of original depositor, 2-343.15
State law, determination of ownership by, 2-343.13
Totten trust, 2-343.12
Deposit instrument, replacement issued; not to constitute early withdrawal, 2-301.3
Disclosure—See Truth in savings, at Time accounts.
Extensions in maturity, 2-280.2
IRAs—See IRAs.
Keogh accounts—See Keogh accounts.
Loans secured by time deposits, evasion of reserve requirements, 2-343.19
Maturity
Agreement to pay before, 2-343.16
Extensions, 2-280.2
Name change not to constitute early withdrawal, 2-301.3
NOW accounts—See NOW accounts.
One percent spread, 2-343.19
Penalty
Disclosures—See Truth in savings, at Time accounts.
Greater-than-required, 2-343
Waiver, authority and conditions for, 8-106.4
Put provisions, 2-343.21
Reserve requirements, evasion of
Loans secured by time deposits, one percent spread, 2-343.19
Secondary-market purchases by depository institutions and affiliates, 2-280.1
Transaction account, time deposit linked to, 2-287
Secondary-market purchases by depository institutions and affiliates, evasion of reserve requirements, 2-280.1
Transaction account, time deposit linked to; evasion of reserve requirements, 2-287
Zero-interest-rate deposits, 2-343.17
Economically disadvantaged persons
Basic financial services
Depository institutions' offering of, policy statement, 3-1503
Reports of condition, separate reporting of lifeline accounts on, 1-343
Community development projects, state member banks' investment in, 1-075.1
Credit programs for, 6-039; 6-094; 6-149; 6-5039
International programs to assist—See International Monetary Fund.
Edge corporations, 1-227 et seq.
Acceptances, lending limits, 3-550
Acquisitions of and by—See Investments by, and Investments in, this heading.
Activities, permissible, 3-522 et seq.; 3-732
Agency, authority to extend time for establishing, 8-121.3
Articles of association, 1-228
Amendments, 3-514; 8-121.91
Execution, 1-229
Filing, 1-230
Authorization, 1-227; 2-241 et seq.; 3-512
Delegated authority, 8-121.91
Bank Holding Company Act
Acquiring company, applicable to, 1-239
Bank, exemption from definition of, 4-060
Banking services for employees, 3-524
Bank Protection Act, applicability, 3-451
Bank Secrecy Act
Procedures for monitoring compliance, 3-521
Reports, 3-521; 3-772
Borrowings in the United States, 3-523
Branches
Foreign—See Foreign branches, this heading.
Time period for establishment, authority to extend, 8-121.3
Two in single state, international banking facility business, 2-309.69
United States, liabilities of not deposits; reserve requirements, 2-133
Capitalization, 3-553
Capital requirements, 3-676
Capital stock, 1-238
Ownership of—See Investments in, this heading.
Charter
Forfeiture for violation of law, 1-242
Clearing organization, multilateral; operating or operating as, 9-1513.1
Collections by, 3-524
Combination export manager, investment in, 3-711
Commodities trading, not authorized for, 1-237
Control, change in; prior notice and review by Board, 3-516
Corporate existence, extension of, 1-248
Authority, 8-121
Corporations
Other, stock ownership in, 1-234
Special-purpose leasing, investment in, 3-712
Credit activities in United States, 3-523
Crimes
Bank Secrecy Act violations, reporting, 3-521; 3-772
Directors, officers, or employees; committed by, 1-250; 1-251
Customer identification program, Bank Secrecy Act compliance, 3-521
Customer information, standards for protecting privacy of, 3-521
Daylight overdrafts, 9-1019; 9-1020
Debt previously contracted, purchase of stock to prevent loss on, 1-235; 3-761
Divestiture of stock, deadline extension authority, 8-121
Definition, 3-500
Deposit-taking activities, 3-522
Directors
Criminal offenses by, 1-250; 1-251
Federal Reserve Board members, not to be, 1-240
Representation that United States is liable for obligations to be criminal offense, 1-251
Dividends, 1-246
Domestic banking organizations' investments in, 3-715
Domestic branches, as to international banking operations, 3-517
Domestic subsidiaries, reserves against credit with foreign branches, 3-699
Employees
Banking services for, 3-524
Criminal offenses by, 1-250
Representation that United States is liable for obligations to be criminal offense, 1-251
Establishment—See Authorization, this heading.
Eurocurrency liabilities, reservable net borrowings for transactions abroad, 2-148
Examinations, 1-245; 1-569; 3-555
Bribery of examiner, 1-451; 1-452
Disclosure of information by examiner, 1-465
Rating system, 3-1576.1
Theft by examiner, 1-456
Exports, combination manager; investment in, 3-711
Export trading company, investment in; approval authority, 8-106.3
Federal agencies, 2-242
Federal corporation, conversion of state corporation into, 1-249
Federal Register notice, 3-513
Federal Reserve Banks receiving property from foreign states or central banks, jurisdiction, 1-254
Federal Reserve Board
Members not to be directors, officers, or stockholders, 1-240
Reports to, 1-245
Fiduciary and investment advisory activities by, 3-524
Financial recordkeeping and reporting regulations, applicability to, 3-772
Foreign branches, 1-233
Approval authority, 8-121.91
Reserves against credit to domestic subsidiaries, 3-699
Foreign companies, investment in; approval authority, 8-106.3
Foreign-exchange activities, 3-524
Foreign institutions and persons
Deposits by, 3-522
Ownership by, 3-515; 3-737
Foreign states, deposits by to Edge corporations, 3-522
Freight-forwarding services, 3-736
Gold, purchase and sale, 3-733
Home Mortgage Disclosure Act, applicability of to, 6-5267.2
Insolvency, appointment of receiver for, 1-244
Insurance underwriting by foreign subsidiary, 3-737.1
Interest rate
Disclosures, Regulation DD inapplicable to, 6-7032
Limitations, 3-520
Interlocks, management official; with depository institutions, 3-783; 3-806
Investment advisory activities, 3-524
Investments by, 1-234; 3-711 et seq.; 3-759 et seq.
Combination export manager, in, 3-711
Debts previously contracted, to prevent losses on, 1-235; 3-761
Divestiture, deadline extension authority, 8-121
Export trading company, approval authority, 8-106.3
Foreign company, in, 3-715; 3-765
Consent authority, 8-106.3
Joint ventures, foreign; in, 3-714
Leasing corporations, special-purpose; in, 3-712
Limitations, 3-678
Other corporations, in; ownership, 1-234
Procedures, 3-678
Time extension to complete, authority, 8-121.3
Investments in—See also Stockholders, this heading.
Change in control, prior notice and review by Board, 3-516
Domestic banking organizations, by, 3-715
Member banks, by, 3-519
National banks, by, 1-129; 3-710
Federal Reserve Banks, by, 3-731
Foreign individuals, by, 3-737
Foreign institutions, by, 3-515
Joint ventures, international, 3-713
Shares, nature of, 3-514
State corporation, by, 3-730
Joint ventures, 3-713; 3-714
Labor union, as to Federal Reserve Bank unionization, 8-861; 8-924
Leasing corporations, special-purpose; investment in, 3-712
Lending limits, 3-675
Acceptances, 3-550
Letters of credit, reserve requirements, 3-735
Liquidation, voluntary, 1-243; 3-526
Liquid funds, use in United States by, 3-520
Loans and extensions of credit
One person, to; as to investments abroad, 3-551
Exceptions, 3-552
Overdrafts, to cover; exempt from reserve requirements, 2-308.1
Meeting, of shareholders, 3-514
Name requirements, 3-513
National bank, purchase of stock by, 1-219
Net settlement contracts, 9-1513.1
Notice of proposal to organize, 3-513
Obligations, United States liable for; representation a crime, 1-251
Officers
Criminal offenses by, 1-250; 1-251
Federal Reserve Board members, not to be, 1-240
Representations that United States is liable for obligations to be criminal offense, 1-251
Organization of corporation, 1-227; 3-513
Certificate, 1-229; 1-230
Factors considered by Board, 3-513
Permit, 3-513
Overdraft by, loan to cover exempt from reserve requirements for parent bank, 2-308.1
Ownership of—See Investments in, this heading.
Payments by, 3-524
Permit, 3-513
Issuance, 1-230
Powers, 1-230 et seq.
Federal Reserve Board, regulated by, 1-231
Money, borrowing and lending, 1-232
Obligations, dealing in, 1-232
Price control, corporations attempting; not authorized for, 1-237
Privacy of customer information, standards for protecting, 3-521
Promissory notes issued by, definition as time deposits, 2-136
Receiver, appointment for insolvency, 1-244
Records, financial; applicable regulations, 3-772
Stockholders, of, 1-245
Reports
Bank Secrecy Act, 3-521; 3-772
Federal Reserve Board, to, 1-245; 3-556
Authority to require, delegated, 8-108.5
Reserve requirements, 2-125; 2-207; 3-520; 3-677
Letters of credit, 3-735
Liabilities of United States branches, not deposits for purposes of, 2-133
Overdraft, loan to cover; exemption from parent bank reserves, 2-308.1
U.S. branches, liabilities of, 2-133
Reserves against credit to domestic subsidiaries, foreign branches, 3-699
Security devices and procedures regulation, applicability to, 3-451
Shareholders, meeting of requested by Federal Reserve Board, 3-514
Shares, nature of, 3-514
See also Investments in, this heading.
State agencies, 2-242
State corporation
Federal corporation, conversion into, 1-249
Investment in Edge corporation, 3-730
Stockholders
Bank Holding Company Act applicability, 1-239
Citizenship of, 1-239
Federal Reserve Board members not to be, 1-240
Liability of, 1-241
Meetings, 1-245
Records of, 1-245
Stock purchases—See Investments by, this heading.
Subsidiaries
Banks, as; Bank Holding Company Act, 4-351
Servicing exemption, Bank Holding Company Act, 4-671
Transactions between bank and nonbank subsidiaries, 4-198
Surplus fund, 1-246
Swap transactions, 3-546
Taxation, 1-247
Time deposits, promissory notes as, 2-136
United States
Banking organizations, investments in Edge corporations, 3-715
Credit activities in, 3-523
Operation in, 3-674
Permissible activities in, 3-522 et seq.; 3-732
Representation that United States is liable for obligations to be criminal offense, 1-251
Restrictions on business in, 1-236
Violation of law, forfeiture of charter for, 1-242
Well managed, definition, 3-504
Wire transfers, 3-524; 9-1513.1
Electronic funds transfers, 6-300 et seq.; 6-5300 et seq.
Access devices
Additional, issued in a renewal or substitution, 6-429; 6-5429
Authority granted but exceeded, 6-417; 6-5417
Definition, 6-301; 6-360; 6-413; 6-5301; 6-5413
Fraud involving, unauthorized access, 6-417; 6-5417
Government benefits, to transfer, 6-346; 6-5346
Issuance of, 6-308 et seq.; 6-382; 6-427 et seq.; 6-5308 et seq.; 6-5427 et seq.
Unsolicited—See Unsolicited issuance, this subheading.
Loss, notice of, 6-312; 6-313; 6-378; 6-432 et seq.; 6-5312; 6-5313; 6-5432 et seq.
Personal identification numbers (PINs)See Personal identification numbers (PINs), this heading.
Renewals or substitutions, 6-308; 6-5308
Robbery, unauthorized access, 6-417; 6-5417
Service provider not holding accounts, 6-344 et seq.; 6-478; 6-479; 6-5344 et seq.; 6-5478; 6-5479
Theft of, notice of, 6-312; 6-313; 6-378; 6-432 et seq.; 6-5312; 6-5313; 6-5432 et seq.
Unauthorized transfers—See Unauthorized transfers, this heading.
Unsolicited issuance, 6-309; 6-429; 6-5309; 6-5429
Personal identification numbers (PINs), 6-429; 6-1169.7; 6-5429; 6-6169.7
Validation instructions, 6-348; 6-5348
Authentication of customer identity, 3-1579.39
Automated clearinghouses, membership in; applicability of regulation, 6-418; 6-5418
Automated teller machines
See also Automated teller machines.
Availability of funds—See Availability of funds.
Transaction account, definition; withdrawals and transfers through ATMs—See Transaction accounts.
Automatic transfers, exemption, 6-306; 6-423; 6-5306; 6-5423
See also Preauthorized transfers, this heading.
Availability of funds, 9-081; 9-091; 9-683
Electronic payment, definition, 9-014; 9-045
Business day
Definition, 6-302; 6-415; 6-5302; 6-5415
Disclosure, 6-316; 6-349.1; 6-5316; 6-5349.1
Change-in-terms notice, 6-319; 6-367; 6-443; 6-5319; 6-5443
Address, change, 6-443; 6-5443
Limitations on transfers, 6-443; 6-5443
Telephone number, change, 6-443; 6-5443
Charges—See also specific types of charges, this heading.
Changes in, 6-319; 6-5319
Collection of by electronic fund transfer, one-time, 6-305; 6-419.2; 6-436; 6-5305; 6-5419.2; 6-5436
Disclosure, 6-316; 6-366; 6-440; 6-5316; 6-5440
Payment card transactions, reasonable fees and rules for, 6-394.5
Periodic statements, 6-322; 6-323; 6-370; 6-454; 6-5322; 6-5323; 6-5454
Terminals
Displaying transaction fees at, 6-321; 6-446; 6-5321; 6-5446
Owners other than financial institutions, 6-321; 6-5321
Receipts at, transaction fees on, 6-321; 6-445; 6-5321; 6-5445
Checks
Coverage of regulation, 6-419; 6-5419
Exclusion from, 6-305.1; 6-420; 6-5305.1; 6-5420
Electronic conversion using information from check, one-time, 6-305; 6-419.1; 6-5305; 6-5419.1
Guarantee or authorization, exemption, 6-305.1; 6-420; 6-1170.4; 6-5305.1; 6-5420; 6-6170.4
Overdrafts—See Overdrafts, this heading.
Service fees, one-time collection of by electronic fund transfer, 6-305; 6-419.2; 6-5305; 6-5419.2
Model clause, insufficient-funds fee, 6-355; 6-5355
Commodities transfers, 6-305.1; 6-422; 6-5305.1; 6-5422
Compulsory use, prohibitions, 6-384
Credit, definition, 6-302; 6-5302
Custodial agreements, trust account; IRAs, 6-414; 6-5414
Debit cards
See also Access devices, this heading.
Federal Trade Commission authority over issuers, 6-358
Point-of-sale transactions, 6-416; 6-5416
Debit instrument, definition, 6-392
Definition, 6-305; 6-365.1; 6-419; 6-5305; 6-5419
Deposits
Amounts incorrect, periodic statements and receipts; documentation of transfers, 6-451; 6-5451
Direct
Government benefits, 6-365.1
Reversal of, periodic-statement requirement, 6-456.1; 6-5456.1
Government benefits, direct deposit of, 6-365.1
Disclosures, 6-399
Additional information, 6-307; 6-5307
Additional services, after initial disclosures, 6-316; 6-5316
Business days, 6-316; 6-349.1; 6-5316; 6-5349.1
Confidentiality, 6-316; 6-349.3; 6-366; 6-5316; 6-5349.3
Content, 6-316; 6-5316
Electronic—See Electronic disclosures, this heading.
Foreign language, in, 6-426; 6-5426
Form of, 6-307; 6-426; 6-5307; 6-5426
Forms, compliance with administrative enforcement; review by Board, 6-481; 6-5481
See also Model disclosure clauses and forms, this subheading.
Language of, 6-307; 6-5307
Model disclosure clauses and forms, 6-347 et seq.; 6-481; 6-5347 et seq.; 6-5481
Access device, validation, 6-348; 6-5348
Altering, 6-481; 6-5481
Business day of financial institution, 6-349.1; 6-5349.1
Charges, 6-349.3; 6-5349.3
Documentation, right to receive, 6-349.4; 6-5349.4
Government agencies, 6-352; 6-5352
Initial disclosures, 6-349 et seq.; 6-5349 et seq.
Liability of financial institution for failed transfers, 6-349.6; 6-5349.6
Payroll card accounts, 6-354; 6-5354
Preauthorized transfers, 6-349.5; 6-349.6; 6-5349.5; 6-5349.6
Service-providing institution, 6-351; 6-5351
Third parties, information given to, 6-349.3; 6-5349.3
Transfer types and limitations, 6-349.2; 6-5349.2
Unauthorized transfers, 6-349; 6-349.1; 6-5349; 6-5349.1
Multiple accounts and account holders, combined disclosure, 6-307; 6-5307
Payroll card accounts, 6-346.41; 6-354; 6-5346.41; 6-5354
Privacy of account information—See Confidentiality, this subheading.
Remittance transfers, 6-394
Services
Jointly provided by two or more institutions, 6-307; 6-5307
Provider not holding accounts, by, 6-344; 6-478; 6-479; 6-5344; 6-5478; 6-5479
Terms and conditions, initial disclosure of, 6-316 et seq.; 6-366; 6-367; 6-436 et seq.; 6-5316 et seq.; 6-5436 et seq.
Existing accounts, 6-367
Unauthorized transfers, 6-316; 6-366; 6-5316
Liability not imposed, 6-437; 6-5437
Documentation of transfers, 6-368 et seq.; 6-401
See also Periodic statements and Receipts, this heading.
Disclosure, consumer's right to, 6-316; 6-366; 6-5316
Foreign-initiated transfers, 6-325; 6-457; 6-5325; 6-5457
Non-access accounts, 6-324; 6-371; 6-5324
Passbook accounts, retrospective documentation, 6-324; 6-371; 6-5324
Point-of-sale transfers, 6-416; 6-5416
Proof of payment, 6-371
Service provider not holding accounts, 6-344; 6-479; 6-5344; 6-5479
Electronic benefit transfer (EBT) programs—See Government benefits, this heading.
Electronic disclosures, 6-307; 6-5307
Electronic terminal, definition, 6-303; 6-416; 6-5303; 6-5416
Employment by financial institutions, account to receive preauthorized transfers as condition of, 6-328; 6-463; 6-5328; 6-5463
Error, definition, 6-329; 6-376; 6-464; 6-5329; 6-5464
Error resolution, 6-329 et seq.; 6-373 et seq.; 6-401; 6-464; 6-5329 et seq.; 6-5464
Access devices loss or theft, 6-464; 6-5464
Adjustments and corrections, 6-373 et seq.
Closed account, assertion of error, 6-464; 6-5464
Correction, 6-331 et seq.; 6-373 et seq.; 6-467; 6-5331 et seq.; 6-5467
Disclosure of terms and conditions, 6-316; 6-366; 6-442; 6-5316; 6-5442
Documentation, 6-330; 6-464; 6-5330; 6-5464
Account-holding institution, by, 6-345; 6-5345
Readability of documents provided, 6-472; 6-5472
Government benefits, disclosures, 6-346.2; 6-5346.2
Information, request for, 6-464; 6-5464
Investigation by financial institution, 6-331; 6-332; 6-374; 6-467 et seq.; 6-5331; 6-5332; 6-5467 et seq.
Error, procedures following determination, 6-374
No error, procedures following determination, 6-332; 6-375; 6-471; 6-5332; 6-5471
Notices from customer, 6-330; 6-465; 6-466; 6-5330; 6-5465; 6-5466
Withdrawal, 6-474; 6-5474
Notices from institution
Change from annual or periodic, 6-444; 6-5444
Sample, 6-350; 6-5350
Payroll card accounts, 6-346.41; 6-480.72; 6-5346.41; 6-5480.72
Reassertion of error, 6-333; 6-474; 6-5333; 6-5474
Service provider not holding accounts, 6-344; 6-479; 6-5344; 6-5479
Exemptions from regulation, 6-305.1 et seq.; 6-420 et seq.; 6-5305.1 et seq.; 6-5420 et seq.
See also Automatic transfers, this heading; specific types of transfers, this heading.
Government benefit transfer programs, for, 6-365.1
Federal Reserve Bank services, fee schedule coverage, 1-105; 9-1562; 9-1567
Fedwire transfers, exemption, 9-851
Fees—See Charges, this heading.
Foreign-initiated transfers, documentation for, 6-325; 6-457; 6-5325; 6-5457
Foreign persons, applicability of regulation to, 6-418; 6-5418
Government benefits, 6-346 et seq.; 6-365.1; 6-5346 et seq.
Disclosures about obtaining account balances and histories, 6-352; 6-5352
Preauthorized transfers, as condition for receipt of, 6-328; 6-463; 6-5328; 6-5463
Tie-in arrangements, restrictions, 4-017.2
Identity of customers, authentication, 3-1579.39
Individual retirement accounts (IRAs) under custodial agreements, 6-414; 6-5414
Information release to third parties—See Disclosures, this heading.
Interim statements, 6-450; 6-5450
Intra-institutional transfers, periodic statements for, 6-324; 6-456; 6-5324; 6-5456
Joint services by two or more financial institutions, 6-307; 6-5307
Language of disclosures, 6-307; 6-5307
Liability
Civil, 6-386 et seq.
Consumer's, for unauthorized transfers—See Unauthorized transfers, at Liability, this subheading.
Criminal, 6-390 et seq.
Financial institution liability, 6-380; 6-381
Damages for wrong findings of error investigations, 6-375
Disclosure of conditions, 6-316; 6-349.6; 6-366; 6-5316; 6-5349.6
System malfunctions, suspension of payer obligation, 6-383
Unauthorized transfers—See Unauthorized transfers, this heading.
Loss of access device—See Access devices, this heading.
Michigan law, preemption of provisions of state statute, 6-476; 6-5476
Network services, risk reduction, 9-1040 et seq.
Overdrafts
Charges
Collection of by electronic fund transfer, 6-305; 6-419.2; 6-420; 6-436; 6-5305; 6-5419.2; 6-5420; 6-5436
Error resolution, during, 6-473; 6-5473
Protection plans, 3-1579.43
Passwords, authentication of customer identity, 3-1579.39
Payroll card account
Account covered by Regulation E, as, 6-302; 6-414; 6-5302; 6-5414
Financial institutions offering, 6-346.4; 6-346.41; 6-480.7 et seq.; 6-5346.4; 6-5346.41; 6-5480.7 et seq.
Model disclosure clauses, 6-354; 6-5354
Periodic statements, 6-322 et seq.; 6-370; 6-450 et seq.; 6-5322 et seq.; 6-5450 et seq.
Account-holding institution as third party, 6-345; 6-480; 6-5345; 6-5480
Balances, opening and closing, 6-455; 6-5455
Charges, 6-323; 6-454; 6-5323; 6-5454
Deposit amounts, incorrect, 6-451; 6-5451
Government benefits
Agency, identification of, 6-453; 6-5453
Alternative to statement, 6-346.1; 6-346.2; 6-5346.1; 6-5346.2
Inquiries, address and telephone number for, 6-323; 6-455; 6-5323; 6-5455
Intra-institutional transfers, for, 6-324; 6-456; 6-5324; 6-5456
Payroll card accounts, 6-346.4; 6-480.71; 6-5346.4; 6-5480.71
Preauthorized transfers, exception for, 6-324; 6-456.1; 6-5324; 6-5456.1
Telephone numbers, 6-455; 6-5455
Terminal location
Nonproprietary terminal in network, 6-452; 6-5452
Third party, and; single listing, 6-453; 6-5453
Third party
Account-holding institution as, 6-453; 6-5453
Identity, 6-453; 6-5453
Payee, consumer as, 6-453; 6-5453
Terminal location, and; single listing for, 6-453; 6-5453
Type of transfer, 6-452; 6-5452
Unauthorized transfer on, reporting, 6-313; 6-434; 6-5313; 6-5434
Person, definition, 6-304; 6-5304
Personal identification numbers (PINs)
Risk management, authentication of customer identity, 3-1579.39
Unsolicited issuance, 6-429; 6-1169.7; 6-5429; 6-6169.7
Point-of-sale (POS) transactions
Electronic check conversions, 6-305; 6-419.1; 6-5305; 6-5419.1
Error resolution, 6-469; 6-470; 6-5469; 6-5470
Network services, risk reduction, 9-1040 et seq.
Service fees, collection of, 6-419.2; 6-5419.2
Terminals, 6-416; 6-5416
Receipts at, identification of transaction type, 6-447; 6-5447
Reserve requirements on deposits accessible through, 2-345.22
Preauthorized transfers, 6-326 et seq.; 6-372; 6-403; 6-458 et seq.; 6-5326 et seq.; 6-5458 et seq.
Advance notice, without; initial disclosures, 6-436; 6-5436
Authorization for transfers from account, 6-327; 6-459; 6-459.1; 6-5327; 6-5459; 6-5459.1
Compulsory use, 6-328; 6-462; 6-463; 6-5328; 6-5462; 6-5463
Crediting, 6-326; 6-5326
Error resulting in failure to obtain written authorization, 6-459.1; 6-5459.1
Loan payments, 6-462; 6-5462
Nonaccess accounts, documentation requirements, 6-324; 6-371; 6-5324
Notices
Regularly scheduled transfers, 6-369
Telephone, 6-458; 6-5458
Varying transfers, 6-328; 6-372; 6-461; 6-5328; 6-5461
Periodic-statement requirements, exceptions for, 6-324; 6-456.1; 6-5324; 6-5456.1
Small financial institutions, to, 6-306.1; 6-425; 6-5306.1; 6-5425
Stop-payment procedures
Disclosure of terms and conditions, 6-316; 6-366; 6-5316
Notification, 6-327; 6-372; 6-460; 6-5327; 6-5460
Telephone notices and inquiries, 6-326; 6-458; 6-5326; 6-5458
Varying transfer amounts, notice requirements, 6-328; 6-372; 6-461; 6-5328; 6-5461
Verification by customer not asserting error, 6-464; 6-5464
Privacy, disclosure about—See Disclosures, this heading.
Receipts, 6-321; 6-325; 6-445 et seq.; 6-5321; 6-5325; 6-5445 et seq.
Date, 6-446; 6-5446
Fee, transaction, 6-446; 6-5446
Foreign-initiated transfers, 6-325; 6-5325
Inadvertent error, not furnished, 6-445; 6-5445
Multiple transfers, 6-445; 6-5445
Point-of-sale transfer
Telephone or similar device, initiated by, 6-416; 6-5416
Type of transfer, 6-447; 6-5447
Promotional material printed on, 6-445; 6-5445
Proof of payment, deposit receipt as, 6-449; 6-5449
Request, furnished only on, 6-445; 6-5445
Small-value transfers, exception, 6-325; 6-464; 6-5325; 6-5464
Terminal, at, 6-321; 6-325; 6-445 et seq.; 6-5321; 6-5325; 6-5445 et seq.
Third parties
Available through, 6-445; 6-5445
Transfer not completed, 6-445; 6-5445
Type of account, 6-447; 6-5447
Type of transfer, 6-447; 6-5447
Regulation E—See Regulation E.
Report to Congress, annual, 6-394
Retail systems, switch and network services; risk reduction, 9-1040 et seq.
Return of, collection of service fee for by electronic fund transfer, 6-305; 6-419.2; 6-5305; 6-5419.2
Robber forcing customer to make withdrawal, 6-417; 6-5417
Savings accounts, withdrawals from through automated teller machines, reserve requirements—See Transaction accounts.
Service provider not holding accounts, 6-344 et seq.; 6-478; 6-479; 6-5344 et seq.; 6-5478; 6-5479
Disclosure clause, model, 6-351; 6-5351
Small financial institutions, preauthorized transfers to, 6-306.1; 6-425; 6-5306.1; 6-5425
State law
Exemptions from federal law, 6-338; 6-396; 6-5338
Authority to grant, 8-109.1
Preemption by federal law, 6-337; 6-395; 6-476; 6-5337; 6-5476
Authority to determine, 8-109.1
Michigan law, 6-476; 6-5476
New York law, 6-197.15; 6-5197.15
Unauthorized transfers, consumer liability limitations, 6-313; 6-5313
Stop-payments
Charges, disclosure, 6-316; 6-366; 6-5316
Preauthorized transfers—See Preauthorized transfers, this heading.
Switch services, risk reduction, 9-1040 et seq.
Telephones
Notices and inquiries by, 6-316; 6-323; 6-366; 6-370; 6-438; 6-455; 6-5316; 6-5323; 6-5438; 6-5455
Preauthorized transfers, 6-326; 6-458; 6-5326; 6-5458
Unauthorized transfers, 6-316; 6-349.1; 6-438; 6-5316; 6-5349.1; 6-5438
Transfers, telephone-initiated; exemption from regulation, 6-306; 6-424; 6-5306; 6-5424
Terminals
Automated teller machines—See Automated teller machines, this heading.
Location, inquiry about; error resolution, 6-464; 6-5464
Point-of-sale terminals, 6-416; 6-5416
Receipts at, 6-321; 6-325; 6-445 et seq.; 6-5321; 6-5325; 6-5445 et seq.
Terms, 6-366; 6-367
Addition of electronic fund transfer services, 6-316; 6-5316
Change in—See Change-in-terms notice, this heading.
Theft of access device—See Access devices, this heading.
Trust accounts
Bona fide trust agreements, 6-414; 6-5414
IRAs under custodial agreements, 6-414; 6-5414
Truth in lending laws, applicability, 6-336; 6-475; 6-5336; 6-5475
Unauthorized transfers
Access devices
Authority granted but exceeded, 6-417; 6-5417
Government benefits, to transfer, 6-346.2; 6-5346.2
Loss or theft of, notice requirements, 6-312; 6-313; 6-378; 6-432 et seq.; 6-5312; 6-5313; 6-5432 et seq.
Definition, 6-304; 6-363; 6-417; 6-5304; 6-5417
Employee of financial institution, by, 6-417; 6-5417
Forced initiation, 6-417; 6-5417
Liability, 6-311 et seq.; 6-377 et seq.; 6-430 et seq.; 6-5311 et seq.; 6-5430 et seq.
Burden of proof, 6-379
Disclosure of terms and conditions, 6-316; 6-366; 6-437; 6-5316; 6-5437
Failure to report, 6-312; 6-313; 6-378; 6-433; 6-5312; 6-5313; 6-5433
Government benefits, access device to transfer, 6-346; 6-5346
Late notice of, 6-465; 6-5465
Limitations on amount, 6-312; 6-313; 6-377; 6-378; 6-431; 6-5312; 6-5313; 6-5431
Truth in lending laws, applicability, 6-336; 6-5336
Waiver of customer rights prohibited, 6-385
Wire transfers, applicability of Regulation E to, 6-305.1; 6-421; 6-5305.1; 6-5421
See also Wire transfers of funds.
Electronic Fund Transfer Act, 6-359 et seq.
Compliance records, retention of, 6-341; 6-477; 6-5341; 6-5477
Credit card use
Billing-error resolution, relation to, 6-770; 6-5770
Relation to, 6-754; 6-5754
Enforcement, 6-358; 6-393
FedNow transfers governed by, 9-880.1
Fedwire transfers governed by, exemption for, 9-851; 9-907
Regulation Z, relation to, 6-1171.8; 6-6171.8
State laws, preemption and exemption—See Electronic funds transfers.
Embezzlement, 1-457
Emergency Loan Guarantee Board, 1-548 et seq.
Advances requested, conditions for granting, 1-553
Annual report to Congress, 1-560
Attorney general, protection of government's interest, 1-559
Books, access to applicant's, 1-552; 1-555
Congress, annual report to, 1-560
Disapproval of certain transactions, authority for, 1-555
Dividends not payable while guaranteed loan is unpaid, 1-551
Documents of applicants, inspection of, 1-552; 1-555
Emergency loan guarantee fund, establishment, 1-557
See also this heading generally.
Expenses paid from emergency loan guarantee fund, 1-557
Federal Reserve Banks as fiscal agents for, 1-558
Fees charged on each loan to replenish emergency loan guarantee fund, 1-557
Financial records, applicant's; access to, 1-552; 1-555
Fiscal agents, Federal Reserve Banks as, 1-558
Fund, emergency loan guarantee; establishment, 1-557
See also this heading generally.
Government's interest, protection by attorney general, 1-559
Guarantees for loans
Advances requested, conditions for granting, 1-553
Attorney general, protection of government interest, 1-559
Collateral, priority interest in, 1-554
Conditions, 1-549
Covenants to be present in loan agreements, 1-553
Government interest protected, 1-559
Limitations, 1-549
Maximum obligation, 1-556
Requirements applicable, 1-551 et seq.
Security for, 1-550
Loans
Agreements
Amendment of provisions prohibited, 1-553
Covenants to be present in loan agreements, 1-553
Waiver of provisions prohibited, 1-553
Guarantees—See Guarantees for loans, this heading.
Obligation, maximum, 1-556
Payments to be made from emergency loan guarantee fund, 1-557
Report to Congress, annual, 1-560
Emergency restrictions on business, 1-323
Employee responsibilities and conduct, 8-550 et seq.
Affiliate, definition, 8-556
Conflict of interest, 8-558 et seq.
See also Conflict of interest.
Credit from institutions involved in employees' work assignments, 8-566 et seq.
Debt or equity interest
Definition, 8-556
Disqualification from matter, conflict of interest, 8-560
Permissible interests in, 8-558
Prohibited interests, 8-558 et seq.
Waivers, 8-559
Dependent child, definition, 8-557
Depository institution, definition, 8-557
Disqualification from matter, conflict of interest, 8-560
Employee, definition, 8-557
Employment, compensated outside; prior approval, 8-572
Family members, restrictions resulting from employment of, 8-571
Financial interests, prohibited, 8-558 et seq.
Former Board employees and members, limitations on activities, 8-600 et seq.
Appearance before Board
Consultation as to propriety of, 8-603
Suspension of privilege, 8-604
Criminal penalties, 8-605
Matters on which worked, 8-602
Official responsibility, matters within, 8-602
Penalties, criminal, 8-605
Rulemaking proceedings, 8-603
Mutual funds, permissible interest in, 8-558
Nonbanking holding companies, permissible interest in, 8-558
Outside employment, compensated; prior approval of, 8-572
Pension plans, permissible interest in, 8-558
Preferential terms from regulated institutions, prohibition, 8-565
Primary government securities dealer, definition, 8-557
Supervisory employees
Credit from institutions involved in work assignments, 8-566 et seq.
Definition, 8-557
Disqualification from matters involving lenders, 8-569; 8-570
Employees
Directors, status as, 5-882.22
Federal, coordination of policy regarding, 1-529
Federal Reserve Banks, of—See Federal Reserve Banks; Labor-management relations.
Federal Reserve Board, of, 1-103
Conduct and responsibilities—See Employee responsibilities and conduct.
Equal employment opportunity—See Equal employment opportunity (Federal Reserve Board).
Key, extension of credit to by company for stock option plan, 5-916.01
Installment payments, 5-925
Member bank executive officers, loan from employees' profit-sharing trust fund to; prohibited, 3-1049
Profit-sharing plans, loans from to member bank executive officers; as exempted transactions, 3-1075
Profit-sharing trust fund, loans from to member bank executive officers; prohibited transactions, 3-1049
Stock option and purchase plans—See Employee stock option and ownership plans.
Employees' savings plans
Bank as trustee, 5-796
Credit union extending indirectly secured credit, 5-902.1
Employee stock option and ownership plans, 5-761; 5-798.5 et seq.; 5-882
Acceleration clause, executive stock purchase plan, 5-907
Bank holding companies
Company, definition, 4-426.1
Controlling influence, purchase of, 4-453
Exemption from Regulation U for purchase of stock of, 5-884.62
Banks effecting transactions, exemption from definition of ``broker,'' 5-003
Recordkeeping requirements, authority to establish, 1-398.28
Broker-dealer, credit by
Cashless exercise, receipt of funds or securities, 5-404; 5-541; 5-677.5 et seq.
Cashless exercise of option, 5-404; 5-541; 5-677.5 et seq.
Collateral, withdrawal and substitution—See Withdrawal and substitution, this heading.
Combined credit for exercise of option and payment of income taxes, 5-798.52
Company, definition as to bank holding companies, 4-426.1
Controlling influence, purchase; bank holding companies, 4-426.1
Convertible preferred stock, 5-942.6
Series, two or more, 5-882.12
Credit
Arrangements separate from plan, 5-798.5
Combined, for exercise of option and payment of income taxes, 5-798.52
Participant free to cancel participation, 5-798.51
Terms, approval by shareholders, 5-882.19
Credit unions
Mixed membership, with; securities credit, 5-882.2
Payroll deductions, 5-880.5
Plan-lenders for, as; securities credit, 5-882.15
Sponsoring, 5-880.5
Debentures, bank loan to purchase; guaranty, 5-900.5
Directors, outside; status as employees, 5-677.54; 5-882.22
Eligible plan, definition, 5-761
Executive stock purchase plan, acceleration clause, 5-907
Exempted transactions
Bank holding company stock, 5-884.62
IRS qualification letter, 5-884.66
Securities-acquisition loan, 5-884.64
Sponsors of plans, loans to, 5-884.61; 5-884.63
Foreign subsidiaries, employees of, 5-882.13
Guaranty by corporation, 5-802
Collateral retained by lending bank, 5-900.52
Debentures, bank loan to purchase, 5-900.5
Employee stock ownership trust, establishment, 5-908.1
Key employees, for, 5-916.01
Secured bank loan for exercise of option, 5-900.53
Unsecured bank loan for exercise of option, 5-802
Holding period, two-year, 5-947.2
Indirectly secured credit, 5-882.14; 5-917.161; 5-917.172
Investment company loans to officers of other companies to participate in, 5-882
Key employees, extension of credit by company, 5-916.01
Installment payments, 5-925
Liquidation of sole, corporate stockholder; distribution of shares to employees, 5-882.23
Living-expenses loan, purpose credit, 5-817
Nonrecourse notes, 5-882.11
Ordinary course of business, extension of credit, 5-925
Plan lender, definition, 5-761; 5-854
Preferred stock convertible to common stock, registration requirements, 5-942.6
President of company, unsecured loan for purchase of stock, 5-947.2
Purpose and nonpurpose credit to same customer, 5-928
Regulation U
Applicability of, 5-855
Circumvention of, 5-947.2
Sale of employees' securities, 5-882.21
Series of preferred stock, two or more, 5-882.12
Shareholders, approval of credit terms by, 5-882.19
Single-credit rule, 5-882.1; 5-951.22
Sponsors, loans to, 5-884.61; 5-884.63
Tax loans, 5-798.52; 5-882.16 et seq.; 5-882.26
Trust, stock ownership; establishment by corporation, 5-908.1
Unsecured loans
Bank, by; guaranty by corporation for exercise of option, 5-802
President of company, to; for purchase of stock, 5-947.2
Withdrawal and substitution, 5-882.24; 5-882.25
Employers
Labor-management relations, federal agencies not so defined, as to, 1-291
Employment
Consumer reports used for employment purposes—See Fair credit reporting.
Equal opportunity—See Equal employment opportunity (Federal Reserve Board); Equal employment opportunity (financial institutions).
Financial institutions, by
Convicted individual, employment of, 1-398.5 et seq.
Preauthorized transfers to account as condition of, 6-328; 6-463; 6-5328; 6-5463
References, disclosure of suspicions of illegal activity, 1-398.4; 3-1776.6
Part-time, not to be considered for equal credit opportunity applicant, 6-029; 6-121; 6-184; 6-185; 6-5029; 6-5184; 6-5185
Enemies—See Trading with the enemy.
Engraving
Federal Reserve notes, plates for, 1-147
Equal Access to Justice Act
Claims under, adjudications before Federal Reserve Board, 8-091.6 et seq.; 8-101.3
Equal credit opportunity, 6-001 et seq.; 6-5001 et seq.
Accounts
Definition, 6-065.51; 6-5065.51
Designation, 6-050; 6-5050
Existing, open-end; prohibited actions, 6-034; 6-5034
Action taken
Adverse—See Adverse action, this heading.
Notification, 6-043 et seq.; 6-141 et seq.; 6-5043 et seq.
Multiple applicants or creditors, 6-049; 6-5049
Adverse action
Credit card issuer terminating account when customer moves from service area, 6-156
Credit limits, termination based on, 6-156
Default or delinquency, 6-157
Definition, 6-004; 6-096; 6-142; 6-5004
Extend term of loan, refusal to, 6-156
Increase in amount of credit, 6-158; 6-5158
Notification—See Notifications, this heading.
Point-of-sale transactions, 6-158; 6-5158
Records preserved for 25 months, 6-057; 6-5057
Refinance, refusal to, 6-156
Terms applied for not offered, 6-159; 6-5159
Advertising to encourage or discourage certain classes of borrowers prohibited, 6-113
Affirmative advertising, 6-176; 6-5176
Age
Credit scoring systems, consideration of in
Empirically derived, statistically sound, 6-028; 6-093; 6-120; 6-125; 6-165; 6-182; 6-5028; 6-5165; 6-5182
Hybrid (combined), 6-183; 6-5183
Judgmental, 6-028; 6-126; 6-182; 6-5028; 6-5182
Designated, attainment by applicant not grounds for revising credit terms, 6-034; 6-5034
Discrimination prohibited, 6-092
Insurance unavailable because of, 6-038; 6-140; 6-195.4; 6-5038; 6-5195.4
Requests for information, 6-093
Reverse mortgages, 6-182.1; 6-5182.1
Aid to Families with Dependent Children—See Temporary Aid to Needy Families, this heading.
Aliens—See Immigration status, this heading.
Alimony
Evaluation of applications, 6-029; 6-121; 6-184; 6-185; 6-5029; 6-5184; 6-5185
Requests for information, 6-023; 6-024; 6-114 et seq.; 6-177.7; 6-178; 6-5023; 6-5024; 6-5177.7; 6-5178
Incidental credit, 6-017; 6-5017
Special-purpose credit programs, 6-042; 6-149; 6-195.8; 6-5042; 6-5195.8
Annual reports to Congress, 6-110
Annuity income not to be discounted, 6-121
Applicants
Buyer applying to assume mortgage loan, 6-160; 6-5160
Definition, 6-005; 6-5005
Individual, consideration in evaluation of applications, 6-184; 6-5184
Joint—See Joint applicants, this heading.
Married—See Married persons, this heading.
Multiple, notification of adverse action, 6-049; 6-143; 6-5049
Prospective, discouraging prohibited, 6-020; 6-176; 6-5020; 6-5176
Qualified, signatures of spouses or other persons, 6-192; 6-5192
Unqualified, signatures of spouses or other persons, 6-192; 6-5192
Applications
Approved, withdrawal of; notification, 6-048; 6-5048
Brokered, record retention, 6-197.4; 6-5197.4
Completed
Definition, 6-006
Diligence requirement for, 6-162
Computerized entry, 6-176.1; 6-5176.1
Definition, 6-006
Discouraging prohibited, 6-020; 6-113; 6-176; 6-5020; 6-5176
Electronic, 6-197.61; 6-5197.61
Evaluation—See Evaluation of applications, this heading.
Forms, 6-067 et seq.; 6-5067 et seq.
Closed-end credit, 6-069; 6-070; 6-5069; 6-5070
Community property, 6-071; 6-5071
FHLMC/FNMA application form, 6-199
Instructions for adoption, 6-067; 6-5067
Mortgage loan, residential real estate, 6-072
Open-end, unsecured credit, 6-068; 6-5068
Residential real estate mortgage loan, 6-072; 6-199
Incomplete
Notification, 6-047; 6-142.5; 6-5047
Reapplication, 6-196.7; 6-5196.7
Inquiries as applications, 6-161; 6-162; 6-5161
Notifications concerning, 6-195.9 et seq.; 6-5195.9 et seq.
Procedures established for, 6-161; 6-5161
Reapplication, restrictions on requirements for open-end accounts, 6-034; 6-5034
Record retention, withdrawn or brokered applications, 6-197.4; 6-5197.4
Requests for information—See Requests for information, this heading.
Taking, rules concerning, 6-176 et seq.; 6-5176 et seq.
Telephone application, 6-176.1; 6-197.6; 6-5176.1; 6-5197.6
Third party, submitted through; notification, 6-049; 6-5049
Video, through, 6-197.61; 6-5197.61
Withdrawal
Approved application, of; notification, 6-048; 6-5048
Failure of applicant to inquire as to status, 6-048; 6-5048
Withdrawn, record retention, 6-197.4; 6-5197.4
Written applications, requirement for, 6-118; 6-176.1; 6-5176.1
Appraisal report
Definition, 6-062; 6-197.82
Providing to applicant for loan secured by dwelling, 6-061; 6-197.8; 6-197.82; 6-5061; 6-5197.8
Charges for, 6-197.8; 6-5197.8
Sample disclosure of right to receive, 6-079.3; 6-199.2; 6-5079.3; 6-5199.2
Assignees, creditors, 6-164
Authorized users of open-end credit, 6-188; 6-5188
Birth control practices, requests for information prohibited, 6-025; 6-117; 6-5025
Business credit, 6-151
Definition, 6-007; 6-162.3; 6-5007; 6-5162.3
Denial, notice of right to statement of reasons, 6-099
Form, model, 6-079.2; 6-5079.2
Factoring, 6-196.16; 6-5196.16
Notification of action taken, 6-044.1; 6-044.2; 6-142.1 et seq.; 6-196.15; 6-196.16; 6-5044.1; 6-5044.2; 6-5196.15; 6-5196.16
Form, model, 6-079.1; 6-5079.1
Record retention, 6-057 et seq.; 6-099; 6-5057 et seq.
Signatures required, 6-139
Trade credit, notifications, 6-142.4; 6-196.15; 6-5196.15
Childbearing
Intentions and capability, requests for information prohibited, 6-025; 6-117; 6-5025
Statistical probability not to be considered, 6-029; 6-117; 6-5029
Child support
Evaluation of applications, 6-029; 6-121; 6-184; 6-185; 6-5029; 6-5184; 6-5185
Requests for information, 6-023; 6-024; 6-114 et seq.; 6-177.7; 6-178; 6-5023; 6-5024; 6-5177.7; 6-5178
Incidental credit, 6-017; 6-5017
Special-purpose credit programs, 6-042; 6-149; 6-195.8; 6-5042; 6-5195.8
Civil action for noncompliance, 6-065.52; 6-5065.52
Classes of transactions, exceptions—See Exceptions for certain classes of transactions, this heading.
Closed-end credit, application form, 6-069; 6-070; 6-5069; 6-5070
Community property
Application form, 6-071; 6-5071
States, spouse's signature required on application for individual credit, 6-036; 6-136; 6-195.2; 6-5036; 6-5195.2
Compliance
Good faith; for creditor, 6-154; 6-5154
Self-testing and self-correction, 6-103.1; 6-103.2
Computerized entry of application, 6-176.1; 6-5176.1
Congress, annual reports to, 6-110
Consumer credit, definition, 6-007; 6-5007
Consumer reporting agencies, routine reports to, 6-050; 6-5050
Cosigners—See Signature requirements, this heading.
Courtesy titles, requests for information, 6-022; 6-116.1; 6-5022
Credit, definition, 6-007; 6-097; 6-163; 6-5007; 6-5163
Credit card
Definition, 6-007; 6-5007
Issuer terminating open-end account when customer moves from service area, 6-156
Credit extension, definition, 6-012
Credit history
Creditworthiness determination, 6-030; 6-5030
Establishment, 6-138
Spouses', consideration, 6-123
Wives' credit histories discrete from husbands', 6-145
Credit information, furnishing, 6-197; 6-197.1; 6-5197; 6-5197.1
Accounts
All, reporting on, 6-197; 6-5197
File systems, 6-197; 6-5197
Index systems, 6-197; 6-5197
Reporting
All accounts, on, 6-197; 6-5197
In response to inquiry or routinely to consumer reporting agencies, 6-050; 6-5050
Credit limits, termination of account based on, 6-156
Creditors
Assignees, 6-164; 6-5164
Definition, 6-008; 6-098; 6-5008
Good faith compliance protection for, 6-154; 6-5154
Multiple, notification of adverse action, 6-049; 6-5049
Referrals to, 6-164; 6-5164
Requirements imposed upon, credit-granting process, 6-112
Special-purpose credit programs, liability, 6-195.5; 6-5195.5
Credit programs, 6-094
See also Special-purpose credit, this heading.
Credit references, types; evaluation of applications, 6-186; 6-5186
Credit scoring systems
Age, consideration of in—See Age, this heading.
Effects test, 6-165; 6-5165
Empirically derived, statistically sound, 6-124; 6-125
Definition, 6-010; 6-011
Revalidation, periodic, 6-165; 6-5165
Hybrid (combined), 6-125; 6-183; 6-5183
Judgmental, 6-124; 6-126
Definition, 6-013; 6-5013
Pertinent elements of creditworthiness, 6-014; 6-5014
Pooled data, 6-165; 6-5165
Credit transaction, definition, 6-008
Creditworthiness
Age as predictive factor of—See Age, at Credit scoring systems, this heading.
Credit history, determination from, 6-030; 6-5030
Pertinent elements, definition, 6-014
Property law, state; use in determining, 6-032; 6-5032
Damages, legal action for prohibited credit discrimination—See Noncompliance, this heading.
Dealer, application submitted through; notifications, 6-049; 6-144; 6-5049
Default, adverse action, 6-157
Delinquent account, termination of not adverse action, 6-157
Dependents, requests for information concerning, 6-117
Designation of accounts, 6-050; 6-5050
Diligence requirement, completed application, 6-162
Disclosures—See Notifications.
Discouraging applications prohibited, 6-020; 6-113; 6-176; 6-5020; 6-5176
Discrimination
Definition, 6-009
Exceptions, 6-093
Policy statements, 6-153.1; 6-153.11 et seq.
Prohibition, 6-092 et seq.; 6-175; 6-5175
Due-on-sale clause, exercise of; default, adverse action, 6-157
Dwelling
Appraisal report, providing to applicant for loan secured by dwelling, 6-061; 6-5061
Sample disclosure of right to receive, 6-079.3; 6-199.2; 6-5079.3; 6-5199.2
Definition, 6-059; 6-062; 6-5059
Requests for information, loans related to dwelling—See Monitoring purposes, information for, this heading.
Economically disadvantaged persons, programs, 6-149
Disqualification of applicants, 6-039; 6-5039
Effects test, evaluation of applications, 6-165; 6-180; 6-5165; 6-5180
Electronic communication
Applications, monitoring information, 6-197.61; 6-5197.61
Disclosures, 6-020; 6-176.2; 6-5020; 6-5176.2
Empirically derived credit scoring systems—See Credit scoring systems, this heading.
Error, inadvertent
Definition, 6-012
Failure to comply, 6-065.54; 6-5065.54
Ethnicity, requests for information, 6-059; 6-060; 6-5059; 6-5060
Evaluation of applications, 6-027 et seq.; 6-119 et seq.; 6-180 et seq.; 6-5027 et seq.; 6-5180 et seq.
Age—See Age, this heading.
Childbearing, statistical probability, 6-029; 6-117; 6-5029
Credit references, types of, 6-186; 6-5186
Effects test, 6-165; 6-180; 6-5165; 6-5180
Immigration status, 6-123.1; 6-187; 6-5187
Individual applicants, 6-184; 6-5184
Marital status, 6-031; 6-5031
National origin, 6-031; 6-187; 6-5031; 6-5187
Part-time employment income—See Part-time employment, this heading.
Payments consistently made, 6-184; 6-5184
Public assistance, consideration in, 6-183; 6-5183
Race, 6-031; 6-5031
Special-purpose credit, 6-181; 6-5181
Telephone listing, 6-029; 6-5029
Exceptions for certain classes of transactions, 6-015 et seq.; 6-169 et seq.; 6-5015 et seq.; 6-5169 et seq.
Government credit, 6-015; 6-174; 6-5015; 6-5174
Incidental credit, 6-017; 6-171; 6-5017; 6-5171
Public-utilities credit, 6-015; 6-170; 6-5015; 6-5170
Securities credit, 6-016; 6-5016
Security deposits, public-utilities credit, 6-170; 6-5170
State-regulated transactions, 6-055; 6-5055
Telephone companies, 6-170; 6-5170
Extension of credit, 6-033 et seq.; 6-040 et seq.; 6-188 et seq.; 6-5033 et seq.; 6-5040 et seq.; 6-5188 et seq.
Definition, 6-012
Individual accounts, prohibited grounds for refusal, 6-033; 6-5033
Open-end—See Open-end credit, this heading.
Federal courts, jurisdiction
Costs and damages, awarding, 6-107
Noncompliance, over, 6-065.52; 6-5065.52
FHLMC/FNMA application form, 6-199
File systems, furnishing credit information, 6-197; 6-5197
Finance-charge penalty on individual accounts prohibited for married applicants, 6-054; 6-104; 6-5054
Financial need, special-purpose credit programs; information requests, 6-042; 6-195.8; 6-5042; 6-5195.8
Foreign applicability, 6-155; 6-5155
Forms
Application—See Applications, this heading.
Notification, sample, 6-073 et seq.; 6-199.2; 6-5073 et seq.; 6-5199.2
Good faith compliance, protection for creditor, 6-154; 6-5154
Governmental credit
Definition, 6-018; 6-5018
Exception for, 6-015; 6-174; 6-5015; 6-5174
Guarantees, signatures of spouses or other persons, 6-195.3; 6-5195.3
Home-improvement loan application, FHLMC/FNMA form, 6-199
Immigration status
Evaluation of applications, 6-123.1; 6-187; 6-5187
Requests for information, 6-026; 6-117.1; 6-5026
Inadvertent errors
Definition, 6-012; 6-144
Failure to comply, 6-065.54; 6-144; 6-198.8; 6-5065.54; 6-5198.8
Record retention, not a violation, 6-058; 6-148; 6-5058
Incidental credit transactions, exceptions for, 6-017; 6-171; 6-5017; 6-5171
Income
Evaluation of applications, 6-029; 6-120; 6-121; 6-178; 6-185; 6-5029; 6-5178; 6-5185
Requests for information, 6-024; 6-093; 6-178; 6-5024; 6-5178
Index systems, furnishing credit information, 6-197; 6-5197
Individual accounts
Prohibited grounds for refusal of credit extension, 6-033 et seq.; 6-5033 et seq.
Spouses, application for separate credit extension, 6-127
Individual applicants, consideration in evaluation of applications, 6-184; 6-5184
Information
Credit, furnishing—See Credit information, furnishing, this heading.
Evaluating applications, use of in—See Evaluation of applications, this heading.
Monitoring purposes, for—See Monitoring purposes, information for, this heading.
Record retention—See Record retention, this heading.
Requests for—See Requests for information, this heading.
Updating, existing open-end accounts, 6-190; 6-5190
Inquiries
Applications, as, 6-161; 6-162; 6-5161; 6-5162
Reporting in response to, 6-050; 6-5050
Insurance
Age, unavailability because of, 6-038; 6-140; 6-5038
Differences in availability, cost, and terms, 6-140; 6-195.4; 6-5195.4
Information, obtaining, 6-195.4; 6-5195.4
Integrated instruments, spouse's signature required, 6-137; 6-195.1; 6-5195.1
Investigations, record retention, 6-058; 6-5058
Joint applicants
Cosigners not considered, 6-193; 6-5193
Evidence of intent to become, 6-193; 6-5193
Signatures required on credit application, 6-035; 6-130; 6-131; 6-5035
Jointly owned property, signatures of spouses or others, 6-035; 6-135; 6-194; 6-5035; 6-5194
Judgmental credit scoring systems—See Credit scoring systems, this heading.
Jurisdiction, courts awarding costs and damages, 6-107
Language of disclosures, 6-020; 6-5020
Liability, 6-198.8; 6-5198.8
Civil, 6-106 et seq.
Creditors, of; special-purpose credit programs, 6-195.5; 6-5195.5
Noncompliance, relief, 6-004
Liens, enforceable; creation of; signatures of spouses or others, 6-195.1; 6-5195.1
Loan-ceiling penalty on individual accounts of married applicants, 6-054; 6-104; 6-5054
Local laws about requests for information, 6-177.4; 6-5177.4
Marital status
Change in
Not grounds for revising credit terms, 6-033; 6-129; 6-5033
Termination of open-end account coincidental with, 6-190; 6-5190
Evaluation of applications, 6-031; 6-092; 6-187.1; 6-5031; 6-5187.1
Individual accounts, prohibited basis for refusal of credit extension, 6-033; 6-127; 6-5033
Requests for information, 6-024; 6-038; 6-093; 6-115; 6-5024; 6-5038
Indirect disclosure of status through credit-related information, 6-177; 6-5177
Married persons—See also Spouses, this heading.
Finance-charge penalty on individual accounts prohibited, 6-054; 6-104; 6-5054
Loan-ceiling penalty on individual accounts prohibited, 6-054; 6-104; 6-5054
Separate credit applications, 6-104
Monitoring purposes, information for, 6-059; 6-060; 6-150; 6-197.5 et seq.; 6-5059; 6-5060; 6-5197.5 et seq.
Disclosure to applicants, 6-060; 6-5060
Procedures for providing, 6-197.7; 6-5197.7
Electronic applications, 6-197.61; 6-5197.61
Forms for collecting data, obtaining of information, 6-197.6; 6-5197.6
Inadvertent notation, obtaining of information, 6-197.61; 6-5197.61
Loan-shopping services, applications through; obtaining of information, 6-197.61; 6-5197.61
Mail applications, obtaining of information, 6-197.6; 6-5197.6
Natural person, information to be requested, 6-197.5; 6-5197.5
Principal residence, information to be requested, 6-197.5; 6-5197.5
Refinancings, information to be requested, 6-197.5; 6-5197.5
Substitute monitoring program, 6-197.75; 6-5197.75
Telephone applications, obtaining of information, 6-197.6; 6-5197.6
Temporary financing, information to be requested, 6-197.5; 6-5197.5
Transactions not covered, 6-197.5; 6-5197.5
Video applications, 6-197.61; 6-5197.61
Written applications, obtaining of information, 6-020; 6-197.6; 6-5020; 6-5197.6
Mortgage loans
Open-end credit, not considered, 6-166; 6-5166
Residential real estate
Application form, 6-072
Appraisal report, copy to applicant on request, 6-096.1
Buyer applying to assume loan, as applicant, 6-160; 6-5160
FHLMC/FNMA form, 6-199
Requests for information, exception for monitoring purposes—See Monitoring purposes, information for, this heading.
Multiple applicants, notification, 6-049; 6-143; 6-5049
Appraisal reports, loan secured by dwelling, 6-197.8; 6-5197.8
Multiple creditors, application submitted to; notification, 6-049; 6-144; 6-5049
Names
Consistent use of one name on account may be required, 6-128
Designation, 6-033; 6-128; 6-5033
Single name on account, 6-189; 6-5189
National origin
Discrimination prohibited, 6-092
Evaluation of applications, 6-031; 6-187; 6-5031; 6-5187
Prohibited basis, definition, 6-167; 6-5167
Requests for information concerning, 6-022; 6-117.1; 6-5022
Negative factor, definition, 6-013; 6-5013
New York law, preemption of provisions of state statute, 6-197.15; 6-5197.15
Noncompliance, penalties and liabilities, 6-065.51 et seq.; 6-105; 6-106; 6-5065.51 et seq.
Not-for-profit organizations, credit assistance programs; disqualification of applicants, 6-039; 6-094; 6-5039
Notifications, 6-043 et seq.; 6-141 et seq.; 6-195.9 et seq.; 6-5043 et seq.; 6-5195.9 et seq.
Additional information, oral requests for, 6-196.8; 6-5196.8
Denial, termination, or change; statement of, 6-142
Forms, sample, 6-075 et seq.; 6-5075 et seq.
Reasons, statement of, 6-046; 6-095; 6-142; 6-196 et seq.; 6-5046; 6-5196 et seq.
Approval, 6-196; 6-5196
Approved application, withdrawal, 6-048; 6-5048
Change in terms, 6-142
Form, sample, 6-074; 6-5074
Clear-and-conspicuous standard, 6-176.2; 6-5176.2
Combined ECOA-FCRA disclosures, 6-196.6; 6-5196.6
Consumer credit, 6-142
Counteroffers, 6-196.1; 6-5196.1
Form, sample, 6-077; 6-5077
Denial, 6-142
Automatic denial, ECOA notice, 6-196.5; 6-5196.5
Forms, sample, 6-074 et seq.; 6-5074 et seq.
ECOA-FCRA disclosures, combined, 6-196.6; 6-5196.6
ECOA notice, 6-045; 6-196 et seq.; 6-5045; 6-5196 et seq.
Form and statement of specific reasons, 6-196.2 et seq.; 6-5196.2 et seq.
Electronic, 6-020; 6-176.2; 6-5020; 6-5176.2
Enforcement agency, third-party notice, 6-196.9; 6-5196.9
Form of, 6-020; 6-5020
Forms, sample, 6-073 et seq.; 6-199.2; 6-5073 et seq.; 6-5199.2
Incomplete applications, 6-047; 6-5047
Denial for reasons other than incompleteness, 6-196; 6-5196
Oral requests for additional information, 6-196.8; 6-5196.8
Reapplication, 6-196.7; 6-5196.7
Sample form, 6-079; 6-5079
Language of, 6-020; 6-5020
Location, 6-195.9; 6-5195.9
Multiple applicants or creditors, 6-049; 6-143; 6-144; 6-5049
Oral notification by small-volume creditors, 6-048; 6-096; 6-5048
Reasons for adverse action, statement of, 6-046; 6-095; 6-142; 6-196 et seq.; 6-5046; 6-5196 et seq.
Disclosure of right to request, 6-078; 6-142; 6-5078
Form, sample, 6-075; 6-5075
Records preserved for 25 months, 6-057; 6-5057
Small-volume creditors, 6-048; 6-096; 6-5048
Substantially similar ECOA notice, 6-196.2; 6-5196.2
Telephone application, denial, 6-196.1; 6-5196.1
Termination of credit, 6-142
Form, sample, 6-074; 6-5074
Third party, applications submitted through, 6-049; 6-096; 6-196.9; 6-5049; 6-5196.9
Timing of notice, when application is complete, 6-196; 6-5196
Withdrawal of approved application, 6-048; 6-5048
Withdrawn applications, expressly, 6-195.9; 6-5195.9
Occupation of applicant, consideration, 6-182; 6-5182
Ohio law, preemption of provisions of state statute, 6-197.15; 6-5197.15
Open-end credit
Application form, 6-068; 6-5068
Authorized users, 6-188; 6-5188
Definition, 6-013; 6-5013
Existing accounts, 6-034; 6-190; 6-191; 6-5034; 6-5190; 6-5191
Real estate mortgages not included, 6-166; 6-5166
Reapplication procedures, 6-191; 6-5191
Termination when customer moves from service area, 6-156; 6-5156
Updating information, 6-190; 6-5190
Overdrafts
Protection plans, 3-1579.43
Transaction accounts, on; authority, 6-188; 6-5188
Part-time employment, consideration of, 6-029; 6-121; 6-184; 6-185; 6-5029; 6-5184; 6-5185
Payments consistently made, evaluation of applications, 6-184; 6-5184
Penalties for noncompliance—See Noncompliance, this heading.
Pension income not to be discounted for applicant, 6-121
Persons associated with applicant, prohibited basis, 6-167; 6-5167
Pertinent element of creditworthiness, definition, 6-014; 6-5014
Point-of-sale transactions, adverse actions, 6-158; 6-5158
Preapprovals, notice of incompleteness; exemption, 6-196.7; 6-5196.7
Prequalification and preapproval
Application, when a prequalification request becomes, 6-161; 6-162.3; 6-5161; 6-5162.3
Notification requirements, 6-195.9; 6-5195.9
Prescreening
Consumer reporting agency lists, through use of, 6-1649 et seq.
Record retention, 6-058.1; 6-197.46; 6-5058.1; 6-5197.46
Tactics to discourage potential applicants prohibited, 6-113
Prohibited basis, definition, 6-013; 6-5013
National origin, 6-167; 6-5167
Persons associated with applicant, 6-167; 6-5167
Public assistance program, 6-168; 6-5168
Property, jointly owned; signatures of spouses or others for extensions of credit, 6-194; 6-5194
Property law, state
Creditworthiness, use in determining, 6-032; 6-5032
Spouses' signatures on credit application, may be required by, 6-035; 6-037; 6-5035; 6-5037
Public assistance programs
Discrimination against participant prohibited, 6-092
Evaluation of applications, consideration in, 6-183; 6-5183
Income from, not to be considered for applicant, 6-028; 6-121; 6-5028
Prohibited basis, definition, 6-168; 6-5168
Public-utilities credit, 6-015; 6-170; 6-5015; 6-5170
Security deposits, 6-170; 6-5170
Telephone companies, 6-170; 6-5170
Qualified applicants, signatures of spouses or other persons; extensions of credit, 6-192; 6-5192
Race
Discrimination prohibited, 6-092
Evaluation of applications, 6-031; 6-5031
Requests for information, 6-022; 6-5022
Enforcement purposes, exception for, 6-059; 6-060; 6-5059; 6-5060
Real estate mortgages—See Mortgage loans, this heading.
Reapplication, procedure pending; actions concerning existing open-end accounts, extensions of credit, 6-191; 6-5191
Record retention, 6-056 et seq.; 6-148; 6-197.2 et seq.; 6-5197.2 et seq.
Applications, withdrawn and brokered, 6-197.4; 6-5197.4
Brokered applications, 6-197.4; 6-5197.4
Computerized decisions, preservation, 6-197.3; 6-5197.3
Copies of records, preservation, 6-197.3; 6-5197.3
Inadvertent error, not a violation, 6-148
Prohibited information, receipt, 6-197.2; 6-5197.2
Use of retained information, 6-197.2; 6-5197.2
Violation, 6-056; 6-058; 6-5056; 6-5058
Withdrawn applications, 6-197.4; 6-5197.4
References, credit; types of; evaluation of applications, 6-186; 6-5186
Referrals to creditors, 6-164; 6-5164
Regulation B—See Regulation B.
Relief for victims of discrimination granted by federal courts, 6-107
Religion, 6-092
Evaluation of applications, 6-031; 6-5031
Requests for information, 6-022; 6-5022
Remedies for violation of discrimination prohibitions, 6-105
Renewals of credit, signatures of spouses or other persons, 6-195.2; 6-5195.2
Repayment probability table, 6-125
Reporting information
Consumer reporting agencies, routine reports to, 6-050; 6-5050
Inquiry, in response to, 6-050; 6-5050
Requests for information, 6-021 et seq.; 6-040 et seq.; 6-093; 6-113 et seq.; 6-177; 6-177.4; 6-5021 et seq.; 6-5040 et seq.; 6-5177; 6-5177.4
See also specific type of information, this heading.
Local laws, 6-177.4; 6-5177.4
Prohibited subjects, 6-024; 6-113 et seq.; 6-5024
Special-purpose credit programs, 6-195.7; 6-5195.7
Voluntary provision of information, disclosure form, 6-079.4; 6-5079.4
Residency
Evaluation of applications, 6-031; 6-5031
Community property state, assumption that applicant resides in, 6-195; 6-5195
Length of residency, 6-126
Residential real estate mortgage loan—See Mortgage loans, this heading.
Retirement
Attainment not grounds for revising credit terms, 6-034; 6-5034
Benefits not to be considered, 6-029; 6-121; 6-5029
Time anticipated until, consideration, 6-126; 6-182; 6-5182
Scoring system, credit—See Credit scoring systems, this heading.
Securities credit, exceptions, 6-016; 6-5016
Security deposits for public-utilities credit, limited exceptions for certain classes of transactions, 6-170; 6-5170
Self-testing and self-correction for compliance, 6-065 et seq.; 6-103.1; 6-103.2; 6-197.85 et seq.; 6-5065 et seq.; 6-5197.85 et seq.
Definition of ``self-test,'' 6-065.1; 6-5065.1
Records about self-tests, preservation of, 6-058.1; 6-197.45; 6-5058.1; 6-5197.45
Separate maintenance, requests for information, 6-024; 6-042; 6-114; 6-5024; 6-5042
Sex
Discrimination prohibited, 6-092
Individual accounts, prohibited basis for refusal of credit extension, 6-033; 6-5033
Requests for information, 6-022; 6-031; 6-038; 6-5022; 6-5031; 6-5038
Signature requirements, 6-035 et seq.; 6-130 et seq.; 6-192 et seq.; 6-5035 et seq.; 6-5192 et seq.
Business credit, 6-139
Community property state, 6-036; 6-136; 6-195.2; 6-5036; 6-5195.2
Guarantees, 6-195.3; 6-5195.3
Integrated instruments, 6-195.1; 6-5195.1
Joint applicants, 6-193; 6-5193
Jointly owned property, 6-035; 6-135; 6-194; 6-5035; 6-5194
Liens, enforceable; creation of, 6-195.1; 6-5195.1
Need for, reasonable belief, 6-194; 6-195.1; 6-5194; 6-5195.1
Qualifications of cosigners, 6-195.2; 6-5195.2
Qualified applicants, 6-192; 6-5192
Renewals, 6-195.2; 6-5195.2
Residency, 6-195; 6-5195
Secured credit, exception, 6-134
State law, 6-104
Unqualified applicants, 6-132; 6-192; 6-5192
Unsecured credit, exception, 6-036; 6-135; 6-136; 6-5036
Small business lending, data collection, 6-5065.55 et seq.
Small-volume creditors, oral notifications, 6-048; 6-096; 6-5048
Social Security income, consideration of, 6-121; 6-168; 6-183; 6-5168; 6-5183
Special-purpose credit, 6-039 et seq.; 6-149; 6-195.5 et seq.; 6-5039 et seq.; 6-5195.5 et seq.
Compliance with programs authorized by federal or state laws, 6-195.5; 6-5195.5
Creditor liability, 6-195.5; 6-5195.5
Discrimination prohibitions, 6-040 et seq.; 6-5040 et seq.
Exceptions, 6-094
Evaluation of applications, prohibited basis, 6-181; 6-5181
Expressly authorized programs, 6-195.5; 6-5195.5
Financial need, 6-042; 6-195.8; 6-5042; 6-5195.8
Liability of creditors, 6-195.5; 6-5195.5
Qualified programs, determining, 6-195.5; 6-5195.5
Requests for information, 6-021; 6-041; 6-195.7; 6-5021; 6-5041; 6-5195.7
Standards for programs, 6-195.5; 6-5195.5
Student loans, financial need, 6-195.8; 6-5195.8
Spouses
Credit history, consideration for applicant, 6-123
Individual account, 6-127
Requests for information concerning, 6-023; 6-114; 6-5023
Signatures—See Signature requirements, this heading.
Wives' credit histories discrete from husbands', 6-145
State law, 6-052 et seq.; 6-104; 6-105; 6-151; 6-5052 et seq.
Inconsistent laws, 6-052; 6-151; 6-197.15; 6-5052; 6-5197.15
Federal Reserve Board determination, 6-053; 6-105; 6-151; 6-5053; 8-109.1
Preempted provisions, 6-053; 6-152; 6-5053
Local law, includes, 6-177.4; 6-5177.4
Married applicants not to be penalized on individual accounts, 6-054; 6-5054
Property laws affecting creditworthiness, consideration of, 6-032; 6-5032
Signatures of other parties to secure collateral, 6-035; 6-037; 6-5035; 6-5037
Special-purpose credit programs authorized by, compliance with, 6-195.5; 6-5195.5
State-regulated transactions, exemption, 6-055; 6-5055
Statutory limitation, 6-108
Noncompliance, 6-065.52; 6-5065.52
Student loans, financial need; special-purpose credit programs, 6-195.8; 6-5195.8
Supplemental Security Income, consideration of, 6-168; 6-185; 6-5168; 6-5185
Tables
Credit scoring, 6-125
Repayment probability, 6-125
Telephone
Application by, 6-176.1; 6-197.6; 6-5176.1; 6-5197.6
Denial, notification, 6-196.1; 6-5196.1
Companies, exceptions for transactions of, 6-170; 6-5170
Listing in applicant's name, consideration, 6-029; 6-5029
Temporary Aid to Needy Families, consideration of income from, 6-121; 6-168; 6-183; 6-5168; 6-5183
Third party, applications submitted through; notification, 6-049; 6-5049
Trade credit, notification of action taken, 6-142.4; 6-196.15; 6-5196.15
Transaction accounts, overdraft authority on, 6-188; 6-5188
Unemployment compensation, income from not to be considered, 6-121
Unqualified applicants, signatures of spouses or other persons; extensions of credit, 6-192; 6-5192
Unsecured credit, signature requirement for married applicant requesting individual account, 6-036; 6-135; 6-136; 6-5036
Utilities—See Public-utilities credit, this heading.
Wives' credit histories discrete from husbands', 6-145
Equal Credit Opportunity Act, 6-091 et seq.
Administration of, authority to issue forms and other print matter, 8-109
Civil liability provisions, no exemption from, 6-056; 6-5056
Enforcement, 6-065.5; 6-066; 6-101 et seq.; 6-197.8; 6-5065.5; 6-5197.8
No exemption from, 6-056; 6-5056
Policy statements, 6-153.1; 6-153.11 et seq.
Proceedings, records retention, 6-058; 6-5058
Regulations, 6-099
Federal laws not altered by, 6-054; 6-5054
Notices to applicants, 6-045; 6-5045
Reports to Congress, annual, 6-110
State laws not altered by, 6-054; 6-5054
Violations, 6-102
Penalties and liabilities, 6-091 et seq.; 6-106 et seq.; 6-152
Equal employment opportunity (Federal Reserve Board), 8-440 et seq.
Accessibility—See Disabilities, physical or mental, this heading.
Age, discrimination on account of, 8-466
Alcoholism, physical or mental impairment, 8-524
Aliens—See Noncitizens, this heading.
Appeals, 8-491 et seq.
Decision, 8-496
Clarification of, 8-506
Compliance by Board with, 8-505
Enforcement of, 8-506
Reconsideration of, 8-505
Request procedures, 8-493 et seq.
Time limits, 8-492
Attorney's fees, 8-503; 8-504
Auxiliary aids, definition, 8-523
Back pay, 8-501 et seq.
Class complaints of discrimination, 8-476 et seq.
Acceptance, 8-478
Notification to class members, 8-479
Agent of class, definition, 8-476
Class, definition, 8-476
Class complaint, definition, 8-476
Definition, 8-476
Dismissal, 8-478 et seq.
Evidence, obtaining, 8-480
Filing, 8-477
Final action of Board, 8-483
Compliance with, 8-508 et seq.
Notification to class members, 8-484
Relief for individual class members, 8-485
Hearing, 8-482
Judicial decision on the complaint, 8-482
Judicial review, right to file civil action for, 8-497; 8-498
Notice of, 8-499
Precomplaint processing, 8-477
Presentation, 8-477
Resolution, opportunities for, 8-481
Communications, steps taken to facilitate, 8-535; 8-536
Complaints of discrimination, 8-446
Action of Board, final, 8-465
Civil action, right to file
Age discrimination, 8-466; 8-497
Disability, discrimination based on, 8-497
Effect of, 8-499
Enforcement of decision, for, 8-507
Equal Pay Act, 8-498
Notice of, 8-465; 8-478; 8-485; 8-496
Class complaints—See Class complaints of discrimination, this heading.
Complete, definition, 8-523
Consolidation of complaints, 8-521
Decision of Board, 8-546
Appeals—See Appeals, this heading.
Class complaints—See Class complaints of discrimination, this heading.
Compliance with, 8-547
Review of, request by complainant for, 8-454
Dismissal, 8-453 et seq.
Notification to complainant, 8-454
Partial dismissal, 8-454
Review of, request by complainant for, 8-452; 8-454
Equal Employment Opportunity Commission, reports to, 8-516
File, complaint, 8-338
Filing of complaints, 8-451
Hearings, 8-459 et seq.
Individual complaints, 8-451
Acknowledgment by EEO programs director, 8-452
Investigation, 8-455 et seq.
Joint processing, 8-521
Negotiated grievance procedure, 8-489
Precomplaint processing, 8-447 et seq.
Remedial actions, 8-500 et seq.
Representation, 8-519; 8-520
Resolution
Alternative Board procedures, 8-444
Informal, 8-447 et seq.
Complete complaint, definition, 8-523
Compliance procedures, 8-537 et seq.
Appeals, filing and acceptance, 8-542
Applicability, 8-537
Conciliation, 8-540
Decision, 8-546; 8-547
Employment complaints, 8-537 et seq.
Filing complaints, 8-538
Hearings, 8-543 et seq.
Investigation, 8-540
Letter of findings, 8-541
Responsible official, 8-537
Delegation of Board authority, 8-521
Disabilities, physical or mental, 8-468; 8-522 et seq.
Accessibility to programs and activities, 8-531 et seq.
Alterations, 8-534
Communications about, 8-535; 8-536
Existing facilities, 8-532
New construction, 8-534
Auxiliary aids, definition, 8-523
Compliance procedures, 8-537 et seq.
Definition, individual with, 8-524
See also Impairment, this heading.
Qualified, 8-525
Employment, nondiscrimination policy, 8-468
Facility, definition, 8-523
Drug addiction, physical or mental impairment, 8-524
Equal Employment Opportunity Commission, appeals to—See Appeals, this heading.
Equal employment opportunity programs director, responsibilities, 8-445
Equal pay, 8-467; 8-498
Facility, definition, 8-523
Impairment, physical or mental; definition, 8-524
Record of or regarded as having, definition, 8-524
Major life activities, definition, 8-524
Mental impairment—See Impairment, this heading.
Negotiated grievance procedure, 8-489
Pay, equal, 8-467; 8-498
Physical or mental impairment—See Impairment, this heading.
Policy, 8-442
Background and summary, 8-549 et seq.
Program accessibility—See Disabilities, physical or mental, this heading.
Programs and activities, access for disabled, 8-522 et seq.
Program to promote equal opportunity, 8-443 et seq.
Remedial actions, 8-500 et seq.
Attorney's fees, 8-503; 8-504
Back pay, 8-501 et seq.
Civil action, 8-497 et seq.
Employment, offer of, 8-501
Interim relief, 8-511; 8-512
Settlement agreements, 8-517
Compliance with, 8-508 et seq.
Sex-based wage discrimination—See Equal pay, this heading.
Statistical information, collection of by Board, 8-513 et seq.
Equal employment opportunity (financial institutions)
Policy statement, 3-1527
Equal housing—See Fair housing.
Equity funding—See Insurance premium funding programs.
Equity securitiesSee also Stock.
Bank holding companies—See Bank holding companies.
Convertible into margin stock, security for loan, 5-942.64
Definition, 5-007
Hedging, purchase of securities to hedge bank-permissible equity derivative transactions, 3-416.14
Housing projects, investment in
Bank holding companies—See Bank holding companies, at Community development.
Insured state banks, 1-399.11
Insured state banks, equity investments, 1-399.1 et seq.
Common and preferred stock, 1-399.15 et seq.
Housing projects, exception, 1-399.11
International banking
Underwriting, distributing, and dealing in connection with, 3-543
Approval authority, 8-108.6
Nonvoting equity investments, bank holding companies; acquisition of bank interests, 4-172.1; 4-270.4 et seq.; 4-270.8; 4-271; 4-462
Ownership statement, 5-104
Persons acquiring more than 5 percent
Determination of percentage owned, 5-105
Report requirements, 5-093 et seq.
List of covered securities provided by Securities and Exchange Commission, 5-101
Statement of ownership, 5-104
Public disclosure of information, delay or prevention of, 5-101
Statement of ownership, 5-104
Unregistered, tender offer illegal, 5-110
Escrow accounts
Bank holding companies, arrangements as to acquisition of bank interests by, 4-172
Deposit insurance requirements, defined as deposit for, 1-335.4
Earnest money deposits, determination as personal or nonpersonal, 2-304.8
Insurance premiums, funds held for; reserve requirements, 2-343.1
Landlord security deposits, determination as personal or nonpersonal, 2-304.8
Money market deposit account, deposit of escrow funds in, 2-342.14
Mortgage loans, federally related, 6-1360 et seq.
See also Real estate settlement procedures.
Nonpersonal, determination, 2-304.7; 2-304.8
Options transactions—See Options.
Personal time deposits, as
Determination, 2-304.7; 2-304.8
Tenant security deposits, 2-303.7
Real estate settlement procedures—See Real estate settlement procedures.
Taxes, funds held for; reserve requirements, 2-343.1
Tenant security deposits as personal time deposits, 2-303.7
Time deposits, as to, 2-304.5 et seq.
Classification on reports, 2-304.5
Truth in lending
Closed-end credit disclosures; required deposits, 6-1176.9; 6-6176.9
Finance charges, payments excluded from, 6-647; 6-5647
Estates
Bankrupt, deposits by trustee for, 1-320
Beneficiaries of
Natural persons, determination as, 2-303.9 et seq.
Time deposits, personal or nonpersonal depending on, 2-303.1
Member banks, executive officers of; loans to as trustees of estate as prohibited transactions, 3-1048
Time deposits, personal or nonpersonal depending on beneficiaries, 2-303.1
Trustees of, loans to executive officers of member banks; prohibited transactions, 3-1048
Ethics
Banks and bank holding companies—See Bribery.
Conflict of interest—See Conflict of interest.
Federal Reserve Board employees—See Employee responsibilities and conduct.
Eurocurrency liabilities
Agreement corporations, of, 2-148
Balances due
Federal Reserve Bank, from; not to be deducted from total assets for capital equivalency deduction calculation, 2-309.1
Foreign offices of other depository institutions, to; treatment, 2-308.6
Borrowings
Direct, from foreign corporations; not considered, 2-308.9
Non–United States offices, from, 2-309.3
Capital account of United States branch of foreign bank, placement of funds in; no exemption, 2-308.7
Commercial paper issued in United States by foreign bank, exemption for proceeds borrowed from head office, 2-309
Definition, 2-148
De minimis exception, $1,000,000 per branch and $100,000 per borrower; interrelationship, 2-308.8
Depository institution, foreign branch credit for United States citizens, 2-150
Edge corporations, of, 2-148
Foreign banks
Capital-equivalency deduction calculation
Balances due from Federal Reserve Bank not to be deducted from total assets, 2-309.1
Unearned income to be calculated as convenient by foreign bank, 2-309.2
Commercial paper issued in United States, exemption for proceeds borrowed from head office, 2-309
Demand accounts of branches, netting prohibited, 2-309.4
Funds, placement in capital account of United States branch; no exemption, 2-308.7
Overseas transactions, 2-148
Unearned income to be calculated as convenient for capital equivalency deduction calculation, 2-309.2
United States branches or agencies, balances and assets, 2-150
Foreign companies, U.S. companies providing to, 2-333
Foreign corporations, direct borrowings from not considered, 2-308.9
Foreign offices of other depository institutions, balances due to; treatment, 2-308.6
Netting of demand accounts with branches of foreign bank prohibited, 2-309.4
Non–United States offices, borrowings from, 2-309.3
Reserve requirements, 2-207; 2-306.4; 2-308.6 et seq.
Computation and maintenance, 2-159; 2-163
Definition as to, 2-148 et seq.
Unearned income to be calculated as convenient by foreign bank for capital equivalency deduction calculation, 2-309.2
U.S. companies providing to foreign companies, 2-333
European Bank for Reconstruction and Development
Obligations of
Investments for national banks, permissible, 1-297
Lending limits, exemption; international operations of U.S. banking organizations, 3-552
Examinations
Bank holding companies—See Bank holding companies, at Examinations and inspections by Federal Reserve.
Banks—See Bank examination.
Depository institutions—See Bank examination.
Edge corporations, of, 3-555
Federal Reserve Banks, by Federal Reserve Board, 1-092; 1-185; 2-239
Federal Reserve note plates and dies, 1-150
Foreign branches of state member banks, on-site examinations, 3-720
Executive stock purchase plans—See Employee stock option and ownership plans.
Exempted securities
Agency for International Development loan guaranty, housing in Israel for Soviet refugees, 5-628.21
Archives, National; certificates of participation in installment payments, 5-628.19
Bonds
College Construction Loan Insurance Association, insured by, 5-628.23
Government Development Bank of Puerto Rico, 5-628.12
Retirement, 5-625
State-issued, dormitory, 5-623
Cash account, purchase or sale of in, 5-628.11; 5-628.17
Church plan, issued by or interest or participation in, 5-008
Collective fund, issued by or interest or participation in, 5-008
College Construction Loan Insurance Association, securities of, 5-628.23
Confirmations of originator's fees, custodial receipts representing interest in U.S.-guaranteed obligations, 5-628.24
Definition
Securities Act of 1933, 5-258; 5-259
Securities Exchange Act of 1934, 5-008
Federal Home Loan Mortgage Corporation securities, 5-628.22
Federal National Mortgage Association securities, 5-622
Loan value, good faith, 5-624
Foreign military sales credit program, 5-628.16; 5-628.18
Government Development Bank of Puerto Rico bonds, 5-628.12
Government obligations; confirmations of originator's fees, 5-628.24
Treasury bills, 5-650.6
Government securities, 5-628.14
See also Securities.
AID loan guaranty, housing program for Israel, 5-628.21
Government National Mortgage Association securities, exemption for credit by brokers and dealers, 5-628
Options on, margin requirements, 5-666.21
Government trust certificates—See Foreign military sales credit program, this heading.
International Bank for Reconstruction and Development securities, 1-297; 1-491; 5-476
Judiciary office building, certificates of participation to finance, 5-628.2
Loan value, 5-486.5
Margin requirement of 50 percent for exempted securities loans by brokers and dealers, 5-650.6
Military sales credit—See Foreign military sales credit program, this heading.
Municipal securities, 5-628.25
Mutual fund, exempted; definition, 5-395
Mutual fund shares
Margin requirement for loans extended by brokers and dealers, 5-650.6
National Archives—See Archives, National, this heading.
Pooled income fund, issued by or interest or participation in, 5-008
Securities Act of 1933, exemptions from, 5-258; 5-259
State agency or instrumentality, dormitory bonds issued by not construed as, 5-623
Student Loan Marketing Association securities, 5-628.15
Withdrawal from margin account on same day as other transaction, 5-516
World Bank securities—See International Bank for Reconstruction and Development securities, this heading.
Expedited Funds Availability Act, 9-675 et seq.
See also Availability of funds; Check collection; Regulation CC.
Enforcement, 9-722 et seq.
FedNow transfers, 9-829.4; 9-884
Fedwire transfers, 9-811; 9-851
Liability, 9-726 et seq.
Regulations implementing, 9-718 et seq.
Export-Import Bank
National Advisory Council on International Monetary and Financial Problems, representation on, 1-477; 1-478
Obligations
Advances, collateral for, 2-040
Guarantees for export accounts receivable and inventory, 3-670.2
Lending limits, exemption for obligations guaranteed by, 3-552
Reserve requirements, on obligations by depository institution to, 2-219; 2-260.53
Export trading companiesSee International banking operations.
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