Purpose and scope.

CFR · 2024-01-01 · US · Title 12

(a) This subpart prescribes the rules of practice and procedure governing formal adjudications set forth in paragraph (b) of this section, and supplements the rules of practice and procedure contained in subpart A of this part. (b) The rules and procedures of this subpart and subpart A of this part will apply to the formal adjudications set forth in § 263.1 and to the following adjudications: (1) Suspension of a member bank from use of credit facilities of the Federal Reserve System under section 4 of the FRA (12 U.S.C. 301); (2) Termination of a bank's membership in the Federal Reserve System under section 9 of the FRA (12 U.S.C. 327); (3) Issuance of a cease-and-desist order under section 11 of the Clayton Act (15 U.S.C. 21); (4) Adjudications under sections 2, 3, or 4 of the BHC Act (12 U.S.C. 1841, 1842, or 1843); (5) Formal adjudications on bank merger applications under section 18(c) of the FDIA (12 U.S.C. 1828(c)); (6) Issuance of a divestiture order under section 5(e) of the BHC Act (12 U.S.C. 1844(e)); (7) Imposition of sanctions upon any municipal securities dealer for which the Board is the appropriate regulatory agency, or upon any person associated or seeking to become associated with such a municipal securities dealer, under section 15B(c)(5) of the Exchange Act (15 U.S.C. 78o-4); (8) Proceedings where the Board otherwise orders that a formal hearing be held; (9) Termination of the activities of a state branch, state agency, or commercial lending company subsidi

official document · source cfr-2024 · id 12:§ 263.50