02-029 C.M.R. ch. 136, § V - FEDERAL/STATE REGULATIONS
It is recognized that the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the National Credit Union Administration may promulgate in the future regulations governing the operation of deposit production offices. It is further recognized that there may exist differences in scope and coverage between this Regulation 36 and those regulations promulgated by federal financial supervisory agencies. It is not the intent of this Regulation to permit any practice not permitted by the appropriate federal financial supervisory agency. To the contrary, besides complying with any restriction or limitation stated herein, each financial institution must comply fully with the laws and regulations of its respective federal financial supervisory agency.
Notes
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