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Code of Federal Regulations (Last Updated: April 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter II - Federal Reserve System |
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SubChapter A - Board of Governors of the Federal Reserve System |
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Part 223 - Transactions Between Member Banks and Their Affiliates (Regulation W) |
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Subpart B - General Provisions of Section 23A |
§ 223.13 - What safety and soundness requirement applies to covered transactions?
Latest version.
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§ 223.13 What safety and soundness requirement applies to covered transactions?
A member bank may not engage in any covered transaction, including any transaction exempt under this regulation, unless the transaction is on terms and conditions that are consistent with safe and sound banking practices.