§ 250.241 - Exclusion from section 23A of the Federal Reserve Act for certain transactions subject to review under the Bank Merger Act.

Latest version.

Link to an amendment published at 67 FR 76622, Dec. 12, 2002.
(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.
Effective Date Note:
At 67 FR 76622, Dec. 12, 2002, § 250.241 was removed, effective Apr. 1, 2003.

                    
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