[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR250.241]

[Page 680]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 250--MISCELLANEOUS INTERPRETATIONS--Table of Contents
 
Sec. 250.241  Exclusion from section 23A of the Federal Reserve Act for certain transactions subject to review under the Bank Merger Act.

    (a) Grant of Exemption. Section 23A of the Federal Reserve Act shall 
not apply to a transaction between affiliated insured depository 
institutions if the transaction has been approved by the appropriate 
federal banking agency pursuant to the Bank Merger Act.
    (b) Definitions. For purposes of this section, the terms 
``appropriate federal banking agency'' and ``insured depository 
institution'' are defined as those terms are defined in section 3 of the 
Federal Deposit Insurance Act.

[57 FR 41644, Sept. 11, 1992]

    Effective Date Note: At 67 FR 76622, Dec. 12, 2002, Sec. 250.241 was 
removed, effective Apr. 1, 2003.

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