[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: 12CFR263.56]

[Page 755]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 263--RULES OF PRACTICE FOR HEARINGS--Table of Contents
 
      Subpart B--Board Local Rules Supplementing the Uniform Rules
 
Sec. 263.56  Initial Licensing Proceedings.

    Proceedings with respect to applications for initial licenses shall 
include, but not be limited to, applications for Board approval under 
section 3 of the BHC Act and such proceedings as may be ordered by the 
Board with respect to applications under section 18(c) of the FDIA. In 
such initial licensing proceedings, the procedures set forth in subpart 
A of this part shall apply, except that the Board may designate a Board 
Counsel to represent the Board in a nonadversary capacity for the 
purpose of developing for the record information relevant to the issues 
to be determined by the Presiding Officer and the Board. In such 
proceedings, Board Counsel shall be considered to be a decisional 
employee for purposes of Secs. 263.9 and 263.40 of subpart A.