Other disclosure of confidential supervisory information.

CFR · 2024-01-01 · US · Title 12

(a) (2) Notwithstanding any other provision of this part, the Board will not authorize access to or disclosure of any suspicious activity report (SAR), or any information that would reveal the existence of a SAR, except as necessary to fulfill official duties consistent with Title II of the Bank Secrecy Act. For purposes of this part, “official duties” shall not include the disclosure of a SAR, or any information that would reveal the existence of a SAR, in response to a request for disclosure of nonpublic information or a request for use in a private legal proceeding, including a request pursuant to this section. (b) (1) In connection with any proposed use of confidential supervisory information in litigation before a court, (i) Seeks access to confidential supervisory information from the Board or a Reserve Bank (including the testimony of present or former Board or Reserve Bank employees on matters involving confidential supervisory information, whether by deposition or otherwise), (ii) Seeks to use confidential supervisory information in its possession or to disclose such information to another party, or (iii) Seeks to require a person to disclose confidential supervisory information to a party, shall file a written request with the General Counsel. (2) The request shall include: (i) The judicial or administrative action, including the case number and court or adjudicative body and a copy of the complaint or other pleading setting forth the assertions in the case; (ii) A

official document · source cfr-2024 · id 12:§ 261.23