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Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks

Fed · final-rule · Published 2021-05-21 · Effective 2021-05-21 · 86 FR 27507

Document

Document number
2021-10711
Federal Register citation
86 FR 27507
CFR reference
12 CFR 215
Type
Rule
Action
Interim final rule with request for comment.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2021-05-21
Effective date
2021-05-21
Docket
Regulation O

Abstract

On April 17, 2020, the Board issued an interim final rule to except certain loans made through June 30, 2020, that are guaranteed under the Small Business Administration's Paycheck Protection Program from the requirements of the Federal Reserve Act and the associated provisions of the Board's Regulation O. The Board issued two additional interim final rules to extend the exception when Congress approved extensions to the Paycheck Protection Program. To reflect a further extension approved by Congress and to automatically capture any further extensions, the Board is issuing this interim final rule to extend this exception to such loans made through March 31, 2022.

Source

Authoritative
Federal Register document
Machine
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