(a)Authority. This subpart is issued by the Board of Governors of the Federal Reserve System (Board) under the authority of the Federal Reserve Act (FRA) ( 12 U.S.C. 221et seq.); the Bank Holding Company Act of 1956 (BHC Act) ( 12 U.S.C. 1841et seq.); and the International Banking Act of 1978 (IBA) ( 12 U.S.C. 3101et seq.).
1 Section 25 of the FRA ( 12 U.S.C. 601- 604a), which refers to national banking associations, also applies to state member banks of the Federal Reserve System by virtue of section 9 of the FRA ( 12 U.S.C. 321)
(2) Corporations organized under section 25A of the FRA ( 12 U.S.C. 611- 631) (Edge corporations);
(3) Corporations having an agreement or undertaking with the Board under section 25 of the FRA ( 12 U.S.C. 601- 604a) (agreement corporations); and
(4)Bank holding companies with respect to the exemption from the nonbanking prohibitions of the BHC Act afforded by section 4(c)(13) of that act ( 12 U.S.C. 1843(c)(13)).
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.