[Code of Federal Regulations]
[Title 12, Volume 1]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR3.20]

[Page 18]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 3_MINIMUM CAPITAL RATIOS; ISSUANCE OF DIRECTIVES--Table of Contents
 
                    Subpart E_Issuance of a Directive
 
Sec. 3.20  Change in circumstances.

    Upon a change in circumstances, a bank may request the Office to 
reconsider the terms of its directive or may propose changes in the plan 
to achieve the bank's applicable minimum capital ratios. The Office also 
may take such action on its own motion. The Office may decline to 
consider requests or proposals that are not based on a significant 
change in circumstances or are repetitive or frivolous. Pending a 
decision on reconsideration, the directive and plan shall continue in 
full force and effect.