Functions delegated to the Secretary of the Board.

CFR · 2024-01-01 · US · Title 12

The Secretary of the Board (or the Secretary's delegatee) is authorized: (a) (2) (ii) Notwithstanding § 265.3, no person claiming to be adversely affected by any such extension of time by the Secretary shall have the right to petition the Board or any Board member for review or reconsideration of the extension. (3) (ii) To conform citations and references in Board rules with other regulatory or statutory changes adopted or promulgated by the Board or by the government or agencies of the United States. (4) (5) (b) (2) (3) (c) (2) (3) [Reserved] (4) (A) The appropriate Reserve Bank and relevant divisions of the Board recommend approval; and (B) No significant policy issue is raised on which the Board has not expressed its view. (ii) To grant a request to deregister as a savings and loan holding company pursuant to section 10(b)(6) of the Home Owners' Loan Act (12 U.S.C. 1467a(b)(6)) and § 238.4(d) of Regulation LL (12 CFR 238.4(d)). (d) (i) The appropriate Reserve Bank and all relevant divisions of the Board's staff recommend approval; (ii) No significant policy issue is raised on which the Board has not expressed its view; (iii) The acquisition does not result, either directly or indirectly, in the bank, corporation, or bank holding company acquiring effective control of the company, except that this condition need not be met if: (A) The company is to perform nominee, fiduciary, or other services incidental to the activities of a foreign branch or affiliate of the bank holding

official document · source cfr-2024 · id 12:§ 265.5