[Code of Federal Regulations]

[Title 12, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR229.40]



[Page 566]

 

                       TITLE 12--BANKS AND BANKING

 

                   CHAPTER II--FEDERAL RESERVE SYSTEM

 

PART 229_AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC)

--Table of Contents

 

                     Subpart C_Collection of Checks

 

Sec. 229.40  Effect of merger transaction.



    (a) In general. For purposes of this subpart, two or more banks that 

have engaged in a merger transaction may be considered to be separate 

banks for a period of one year following the consummation of the merger 

transaction.

    (b) Merger transactions on or after July 1, 1998, and before March 

1, 2000. If banks have consummated a merger transaction on or after July 

1, 1998, and before March 1, 2000, the merged banks may be considered 

separate banks until March 1, 2001.



[Reg. CC, 53 FR 19433, May 27, 1988, as amended at 64 FR 14577, Mar. 26, 

1999]