12 CFR 223.54 - What advertisements and statements are prohibited by section 23B?
(a) In general. A member bank and its affiliates may not publish any advertisement or enter into any agreement stating or suggesting that the member bank will in any way be responsible for the obligations of its affiliates.
(b) Guarantees, acceptances, letters of credit, and cross-affiliate netting arrangements subject to section 23A. Paragraph (a) of this section does not prohibit a member bank from:
(1) Issuing a guarantee, acceptance, or letter of credit on behalf of an affiliate, confirming a letter of creditissued by an affiliate, or entering into a cross-affiliate netting arrangement, to the extent such transaction satisfies the quantitative limits of §§ 223.11 and 223.12 and the collateral requirements of § 223.14, and is otherwise permitted under this regulation; or
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 223.