[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: 12CFR211.41]

[Page 384-385]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 211--INTERNATIONAL BANKING OPERATIONS (REGULATION K)--Table of Contents
 
              Subpart D--International Lending Supervision
 
Sec. 211.41  Authority, purpose, and scope.

    Source: 49 FR 5592, Feb. 13, 1984, unless otherwise noted.


    (a) Authority. This subpart is issued by the Board of Governors of 
the Federal Reserve System (``Board'') under the authority of the 
International Lending Supervision Act of 1983 (Pub. L. 98-181, title IX, 
97 Stat. 1153)

[[Page 385]]

(``International Lending Supervision Act''); the Federal Reserve Act (12 
U.S.C. 221 et seq.) (``FRA''), and the Bank Holding Company Act of 1956, 
as amended (12 U.S.C. 1841 et seq.) (``BHC Act'').
    (b) Purpose and scope. This subpart is issued in furtherance of the 
purposes of the International Lending Supervision Act. It applies to 
State banks that are members of the Federal Reserve System (``State 
member banks''); corporations organized under section 25(a) of the FRA 
(12 U.S.C. 611 through 631) (``Edge Corporations''); corporations 
operating subject to an agreement with the Board under section 25 of the 
FRA (12 U.S.C. 601 through 604a) (``Agreement Corporations''); and bank 
holding companies (as defined in section 2 of the BHC Act (12 U.S.C. 
1841(a)) but not including a bank holding company that is a foreign 
banking organization as defined in Sec. 211.21(n) of this regulation.

[49 FR 5592, Feb. 13, 1984, as amended at 58 FR 46076, Sept. 1, 1993]