[Code of Federal Regulations]
[Title 12 Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR3.18]

[Page 18]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 3--MINIMUM CAPITAL RATIOS; ISSUANCE OF DIRECTIVES--Table of Contents
 
                   Subpart E--Issuance of a Directive
 
Sec. 3.18  Decision.

    After the closing date of the bank's response period, or receipt of 
the bank's response, if earlier, the Office will consider the bank's 
response, and may seek additional information or clarification of the 
response. Thereafter, the Office will determine whether or not to issue 
a directive, and if one is to be issued, whether it should be as 
originally proposed or in modified form.