[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR261a.9]

[Page 741]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 261a_RULES REGARDING ACCESS TO PERSONAL INFORMATION UNDER THE 
PRIVACY ACT OF 1974--Table of Contents
 
 Subpart B_Procedures for Requests by Individual to Whom Record Pertains
 
Sec. 261a.9  Board review of request for amendment of record.

    (a) Time limits. The Board shall acknowledge a request for amendment 
of a record within 10 business days of receipt of the request. Such 
acknowledgement may request additional information necessary for a 
determination on the request for amendment. To the extent possible, a 
determination upon a request to amend a record shall be made within 10 
business days after receipt of the request.
    (b) Contents of response to request for amendment. The response to a 
request for amendment shall include the following:
    (1) The decision to grant or deny, in whole or in part, the request 
for amendment; and
    (2) If the request is denied:
    (i) The reasons for denial of any portion of the request for 
amendment;
    (ii) The requester's right to appeal any denial; and
    (iii) The procedures for appealing the denial to the appropriate 
official.