# Transactions Between Member Banks and Their Affiliates: Exemption for Certain Securities Financing Transactions Between a Member Bank and an Affiliate
> **US Federal Reserve System** · Final rule. · Published 2009-02-06 · Effective 2009-01-30 · 74 FR 6225
## Document
- **Document number:** E9-2337
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 74 FR 6225
- **CFR reference:** 12 CFR 223
- **Publication date:** 2009-02-06
- **Effective date:** 2009-01-30
- **Docket:** Regulation W
## Abstract

In light of the continuing unusual and exigent circumstances in the financial markets, the Board has adopted 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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2009/02/06/E9-2337/transactions-between-member-banks-and-their-affiliates-exemption-for-certain-securities-financing)
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