12 CFR 326.0 - Authority, purpose, and scope.
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(a) This part is issued by the Federal Deposit Insurance Corporation (“FDIC”) pursuant to section 3 of the Bank Protection Act of 1968 (12 U.S.C. 1882). It applies to insured state banks that are not members of the Federal Reserve System. It requires each bank to adopt appropriate security procedures to discourage robberies, burglaries, and larcenies and to assist in identifying and apprehending persons who commit such acts.
(b) It is the responsibility of the bank's board of directors to comply with this part and ensure that a written security program for the bank's main office and branches is developed and implemented.(Approved by the Office of Management and Budget under control number 3064-0095)
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 326.