other · Treasury · Rule · Published 2003-10-07 · Effective 2003-11-06 · 68 FR 57790
Document
Document number
03-25217
Federal Register citation
68 FR 57790
CFR reference
12 CFR 559
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
2003-10-07
Effective date
2003-11-06
Treasury docket
No. 2003-50
Abstract
In December 2002, the Board of Governors of the Federal Reserve System (FRB) issued a final rule implementing sections 23A and 23B of the Federal Reserve Act (FRA). FRB's rule (Regulation W) combines statutory restrictions on transactions with affiliates with new and existing interpretations and exemptions. In today's final rule, the Office of Thrift Supervision (OTS) conforms its regulations on transactions with affiliates to Regulation W and implements additional restrictions imposed on savings associations under section 11(a) of the Home Owners' Loan Act (HOLA).