[Code of Federal Regulations]
[Title 12, Volume 2, Parts 200 to 219]
[Revised as of January 1, 1999]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR201.1]

[Page 5]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 201--EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION A)--Table of Contents
 
Sec. 201.1  Authority, scope and purpose.

    (a) Authority and scope. This part is issued under the authority of 
sections 10A, 10B, 13, 13A, and 19 of the FRA (12 U.S.C. 347a, 347b, 343 
et seq., 347c, 348 et seq., 374, 374a, and 461), other provisions of the 
FRA, and section 7(b) of the International Banking Act of 1978 (12 
U.S.C. 347d) and relates to extensions of credit by Federal Reserve 
Banks to depository institutions and others.
    (b) Purpose. This part establishes rules under which Federal Reserve 
Banks may extend credit to depository institutions and others. Extending 
credit to depository institutions to accommodate commerce, industry, and 
agriculture is a principal function of Federal Reserve Banks. While open 
market operations are the primary means of affecting the overall supply 
of reserves, the lending function of the Federal Reserve Banks is an 
effective method of supplying reserves to meet the particular credit 
needs of individual depository institutions. The lending functions of 
the Federal Reserve System are conducted with due regard to the basic 
objectives of monetary policy and the maintenance of a sound and orderly 
financial system.

[58 FR 68512, Dec. 28, 1993]