Interim final rule with request for public comment.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2008-09-19
Effective date
2008-09-14
Docket
Regulation W
Abstract
In light of the continuing unusual and exigent circumstances in the financial markets, the Board has adopted, on an interim final basis, a regulatory exemption for member banks from certain provisions of section 23A of the Federal Reserve Act and the Board's Regulation W. The exemption increases the capacity of member banks, subject to certain conditions designed to help ensure the safety and soundness of the banks, to enter into securities financing transactions with affiliates.