Fed · other · Published 1999-11-01 · Effective 1999-11-01 · 64 FR 58780
Document
Document number
99-28380
Federal Register citation
64 FR 58780
CFR reference
12 CFR 211
Type
Rule
Action
Interpretation.
Category
other
Agency
US Federal Reserve System
Publication date
1999-11-01
Effective date
1999-11-01
Docket
Regulation K
Abstract
The Board of Governors of the Federal Reserve System has issued an interpretation concerning the scope of the data processing provision of Regulation K. The interpretation clarifies that a banking organization may not engage in a broader range of data processing activities outside the United States under Regulation K than is permissible under Regulation Y, without the Board's approval.