![]() |
Code of Federal Regulations (Last Updated: May 6, 2024) |
![]() |
Title 12 - Banks and Banking |
![]() |
Chapter III - Federal Deposit Insurance Corporation |
![]() |
SubChapter A - Procedure and Rules of Practice |
![]() |
Part 304 - Forms, Instructions, and Reports |
![]() |
Subpart B - Implementation of Reduced Reporting Requirement |
§ 304.11 - Authority, purpose, and scope.
-
§ 304.11 Authority, purpose, and scope.
(a) Authority. This subpart is issued pursuant to 12 U.S.C. 1464(v), and section 7 (12 U.S.C. 1817(a)(12)) and section 9 (12 U.S.C. 1819 Tenth) of the Federal Deposit Insurance Act.
(b) Purpose. This subpart implements 12 U.S.C. 1817(a)(12) to allow reduced reporting for a covered depository institution when such institution makes its reports of condition for the first and third calendar quarters of a year.
(c) Scope. This subpart applies to an insured depository institution, as that term is defined in section 3(c) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(c), that meets the definition of a covered depository institution under § 304.12.
(d) Preservation of authority. Nothing in this subpart in any way limits the authority of the Corporation under other provisions of applicable law and regulation.