[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR208.30]

[Page 226]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 208--MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM (REGULATION H)--Table of Contents
 
      Subpart C--Bank Securities and Securities-Related Activities
 
Sec. 208.30  Authority, purpose, and scope.

    Source: 63 FR 37646, July 13, 1998, unless otherwise noted.


    (a) Authority. Subpart C of Regulation H (12 CFR part 208, subpart 
C) is issued by the Board of Governors of the Federal Reserve System 
under 12 U.S.C. 24, 92a, 93a; sections 1818 and 1831p-1(a)(2) of the FDI 
Act (12 U.S.C. 1818, 1831p-1(a)(2)); and sections 78b, 78l(b), 78l(g), 
78l(i), 78o-4(c)(5), 78o-5, 78q, 78q-1, and 78w of the Securities 
Exchange Act of 1934 (15 U.S.C. 78b, 78l(b), 78l(g), 78l(i), 78o-
4(c)(5), 78o-5, 78q, 78q-1, 78w).
    (b) Purpose and scope. This subpart C describes the requirements 
imposed upon member banks acting as transfer agents, registered clearing 
agencies, or sellers of securities under the Securities Exchange Act of 
1934. This subpart C also describes the reporting requirements imposed 
on member banks whose securities are subject to registration under the 
Securities Exchange Act of 1934.