[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR208.20]

[Page 188]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 208_MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE 
SYSTEM (REGULATION H)--Table of Contents
 
                     Subpart B_Investments and Loans
 
Sec. 208.20  Authority, purpose, and scope.

    Source: 63 FR 37641, July 13, 1998, unless otherwise noted.


    (a) Authority. Subpart B of Regulation H (12 CFR part 208, subpart 
B) is issued by the Board of Governors of the Federal Reserve System 
under 12 U.S.C. 24; sections 9, 11 and 21 of the Federal Reserve Act (12 
U.S.C. 321-338a, 248(a), 248(c), and 481-486); sections 1814, 1816, 
1818, 1823(j), 1831o, 1831p-1 and 1831r-1 of the FDI Act (12 U.S.C. 
1814, 1816, 1818, 1823(j), 1831o, 1831p-1 and 1831r-1); and the National 
Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 
1973, as amended (42 U.S.C. 4001-4129).
    (b) Purpose and scope. This subpart B describes certain investment 
limitations on member banks, statutory requirements for amortizing 
losses on agricultural loans and extending credit in areas having 
special flood hazards, as well as the requirements for issuing letters 
of credit and acceptances.