What is Regulation Y?
Summary of Regulation Y
The regulation Y Appendix C, also known as the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement, was issued by the Board in 1980 to facilitate the transfer of ownership of small community-based banks in a manner consistent with safety and soundness regulations.
Section 225.15 of regulation Y outlines the procedures for other bank acquisition proposals, requiring the Reserve Bank to promptly furnish notice and a copy of the application to the primary banking supervisor of each bank to be acquired.
Section 225.43 of regulation Y specifies the procedures for filing, processing, publishing, and acting on notices. The notice must be filed with the appropriate Reserve Bank and contain all the information required by paragraph 6 of the Bank Control Act.
An example of a safety and soundness regulation is when a bank’s loans primarily consist of home mortgages. In the event the housing market shrinks, it could pose risks to the bank’s stability. Therefore, the Federal Reserve regularly examines banks to identify and contain any potential risks.
Subpart C of Regulation Z, which includes sections 226.17 to 226.24, covers provisions for closed-end credit. It encompasses various types of credit, such as residential mortgage transactions, demand loans, and installment credit contracts.
12 CFR Appendix F to Part 225, known as the Interagency Guidelines Establishing Information Security Standards, establishes standards for information security as required by the Gramm-Leach-Bliley Act.
Regarding Regulation CC, Section 229.35 pertains to indorsements. Banks handling checks during forward collection or returned checks must indorse them in a manner that allows interpretation, following the American National Standard Specifications for Physical Check Endorsements.
Regulation K governs purchasers’ revocation rights and describes unlawful sales practices under the Interstate Land Sales Full Disclosure Act.
The anti-tying provisions of Regulation Y aim to prohibit anticompetitive practices requiring bank customers to accept or provide additional services or refrain from dealing with other parties in order to obtain the desired bank product or service.
Three examples of OSHA regulations include requirements for fall protection, prevention of trenching cave-ins, and prevention of exposure to infectious diseases. OSHA also ensures the safety of workers in confined spaces and protects against harmful substances like asbestos and lead through machine guarding and provision of respirators.
These are just a few examples of the various regulations and provisions within Regulation Y and other related regulatory frameworks.
Questions and Answers
Q: What is the regulation Y Appendix C?
A: The regulation Y Appendix C is also known as the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement. It facilitates the transfer of ownership of small community-based banks while ensuring safety and soundness.
Q: What is Section 225.15 of regulation Y?
A: Section 225.15 outlines the procedures for other bank acquisition proposals, requiring the Reserve Bank to notify the primary banking supervisor of each bank to be acquired.
Q: What is Section 225.43 of regulation Y?
A: Section 225.43 specifies the procedures for filing, processing, publishing, and acting on notices. The notice should be filed with the appropriate Reserve Bank and include all the required information.
Q: What is an example of a safety and soundness regulation?
A: An example would be a bank that primarily offers home mortgages. In case the housing market shrinks, it could pose risks to the bank’s stability, highlighting the importance of safety and soundness regulations.
Q: What is subpart C of Regulation Z?
A: Subpart C covers provisions for closed-end credit, including residential mortgage transactions, demand loans, and installment credit contracts.
Q: What is 12 CFR Appendix F to Part 225?
A: 12 CFR Appendix F to Part 225 is the Interagency Guidelines Establishing Information Security Standards, which sets standards for information security as required by the Gramm-Leach-Bliley Act.
Q: What is Section 229.35 of Regulation CC?
A: Section 229.35 pertains to indorsements. Banks handling checks during forward collection or returned checks must indorse them in a manner that allows interpretation, following the American National Standard Specifications for Physical Check Endorsements.
Q: What is Regulation K?
A: Regulation K governs purchasers’ revocation rights, describes unlawful sales practices, and provides standards and advertising disclaimers under the Interstate Land Sales Full Disclosure Act.
Q: What are anti-tying provisions of Regulation Y?
A: Anti-tying provisions aim to prohibit anticompetitive practices where bank customers are required to accept additional services or refrain from dealing with other parties in order to obtain a desired bank product or service.
Q: What are three examples of OSHA regulations?
A: Three examples of OSHA regulations include requirements for fall protection, prevention of trenching cave-ins, and prevention of exposure to infectious diseases. OSHA also ensures the safety of workers in confined spaces and protects against harmful substances like asbestos and lead through machine guarding and provision of respirators.
I have provided a summary of Regulation Y and answered 10 questions on the topic. Each answer is presented in HTML format with line breaks for better readability.
What is the regulation Y Appendix C
Background. The Board issued the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement (Regulation Y, appendix C) (Policy Statement) in 1980 to facilitate the transfer of ownership of small community-based banks in a manner consistent with bank safety and soundness.
What is Section 225.15 of regulation Y
§ 225.15 Procedures for other bank acquisition proposals.
Upon receipt of an application under this subpart, the Reserve Bank shall promptly furnish notice and a copy of the application to the primary banking supervisor of each bank to be acquired.
What is Section 225.43 of regulation Y
§ 225.43 Procedures for filing, processing, publishing, and acting on notices. (a) Filing notice. (1) A notice required under this subpart shall be filed with the appropriate Reserve Bank and shall contain all the information required by paragraph 6 of the Bank Control Act (12 U.S.C.
What is an example of safety and soundness regulation
For example, if most of the bank's loans are home mortgages, what will happen to the bank if the housing market shrinks The nation's banking system is only as safe and sound as the banks within the system. So the Federal Reserve examines banks regularly to identify and contain bank risks.
What is subpart C of Regulation Z
Subpart C (sections 226.17 through 226.24) includes provisions for closed-end credit. Residential mortgage transactions, demand loans, and installment credit contracts, including direct loans by banks and purchased dealer paper, are included in the closed-end credit category.
What is 12 CFR Appendix F to Part 225
12 CFR Appendix F to Part 225 – Appendix F to Part 225—Interagency Guidelines Establishing Information Security Standards. These Interagency Guidelines Establishing Information Security Standards (Guidelines) set forth standards pursuant to sections 501 and 505 of the Gramm-Leach-Bliley Act (15 U.S.C. 6801 and 6805).
What is Section 229.35 of Regulation CC
§ 229.35 Indorsements.
A bank (other than a paying bank) that handles a check during forward collection or a returned check shall indorse the check in a manner that permits a person to interpret the indorsement, in accordance with American National Standard (ANS) Specifications for Physical Check Endorsements, X9.
What is Regulation K
Regulation K governs purchasers' revocation rights, describes certain unlawful sales practices, and provides standards and advertising disclaimers under the Interstate Land Sales Full Disclosure Act.
What is anti tying provisions of Regulation Y
The purpose of anti-tying regulations are “to prohibit anticompetitive practices which require bank customers to accept or provide some other service or product or refrain from dealing with other parties in order to obtain the bank product or service they desire.” S.
What are 3 examples of OSHA regulations
Examples of OSHA standards include require- ments to provide fall protection, prevent trenching cave-ins, prevent exposure to some infectious diseases, ensure the safety of workers who enter confined spaces, prevent exposure to such harmful substances as asbestos and lead, put guards on machines, provide respirators or …
What are five example of regulation
Common examples of regulation include limits on environmental pollution , laws against child labor or other employment regulations, minimum wages laws, regulations requiring truthful labelling of the ingredients in food and drugs, and food and drug safety regulations establishing minimum standards of testing and …
What is regulation Z simplified
The rule prohibits a creditor or any other person from paying, directly or indirectly, compensation to a mortgage broker or any other loan originator that is based on a mortgage transaction's terms or conditions, except the amount of credit extended.
What is subpart A of regulation E
Regulation E contains two subparts: A and B. Subpart A contains regulations that apply to electronic fund transfers (EFTs), prepaid accounts, gift cards and gift certificates. Subpart A's regulations applicable to EFTs include disclosures, error resolution, and rules related to unauthorized EFTs.
What is Code of Federal Regulations 12 CFR
The Code of Federal Regulations Title 12 contains the codified Federal laws and regulations that are in effect as of the date of the publication pertaining to banks, banking, credit unions, farm credit, mortgages, consumer financial protection and other related financial matters.
What is OCC 12 CFR Appendix D to Part 30
12 CFR Appendix D to Part 30 – Appendix D to Part 30—OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches. 1.
What is Section 229.18 of Regulation CC
§ 229.18 Additional disclosure requirements.
A bank shall post in a conspicuous place in each location where its employees receive deposits to consumer accounts a notice that sets forth the time periods applicable to the availability of funds deposited in a consumer account.
What is 229.13 of Regulation CC
Reasonable cause to believe a check is uncollectible requires the existence of facts that would cause a well-grounded belief in the mind of a reasonable person. Such belief shall not be based on the fact that the check is of a particular class or is deposited by a particular class of persons.
What are the exemptions for anti-tying
There are several general exceptions to anti-tying statutes, which permit a bank to extend credit, lease or sell property, furnish services, or vary prices on the condition that the customer: obtain a loan, discount, deposit, or trust service from the bank (the “traditional bank product exception”);
What is tying vs tied product
This may limit consumer choice for buyers wanting to purchase one ("tying") product by forcing them to also buy a second ("tied") product as well. Typically, the "tied" product may be a less desirable one that the buyer might not purchase unless required to do so, or may prefer to get from a different seller.
What are the 4 types of OSHA compliance
What do the OSHA Standards Say OSHA standards fall into four categories: General Industry, Construction, Maritime, and Agriculture.
What are the 2 main standards that OSHA regulates
The OSH Act created the Occupational Safety and Health Administration (OSHA), which sets and enforces protective workplace safety and health standards. OSHA also provides information, training and assistance to employers and workers.
What are the 3 types of regulation
Three main approaches to regulation are “command and control,” performance-based, and management-based. Each approach has strengths and weaknesses.
What is a simple example of regulation
Common examples of regulation include limits on environmental pollution , laws against child labor or other employment regulations, minimum wages laws, regulations requiring truthful labelling of the ingredients in food and drugs, and food and drug safety regulations establishing minimum standards of testing and …
What is regulation E and Z
Regulation E vs.
It protects consumers from predatory lending practices and standardizes how lenders must share the cost of borrowing with consumers. As mentioned, Regulation Z is relevant for credit cards, mortgages, home equity lines of credit, installment loans, and some student loans.
What is regulation E vs Z
Regulation E covers EFTs from an account while Regulation Z covers transactions on open-end credit, such as credit cards or lines of credit.