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Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Loans to Holding Companies and Affiliates; Correction

Fed · final-rule · Published 1996-11-19 · Effective 1996-11-04 · 61 FR 58782

Document

Document number
96-29505
Federal Register citation
61 FR 58782
CFR reference
12 CFR 215
Type
Rule
Action
Final rule; correction.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1996-11-19
Effective date
1996-11-04
Docket
Regulation O

Abstract

This document corrects the announced effective date of recent amendments to Regulation O, which limits how much and on what terms a bank may lend to its own insiders and insiders of its affiliates. These amendments were effective under the Small Business Regulatory Enforcement Fairness Act of 1996, on November 8, 1996, the date they appeared in the Federal Register. The final rule as published, however, incorrectly stated that they were effective November 4, 1996, the date the Board adopted them.

Source

Authoritative
Federal Register document
Machine
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