FRB Compiles FAQs On Banking Regulations

The Federal Reserve Board compiled FAQs on existing legal interpretations from FRB Orders, preambles to proposed and final rulemakings, letters to institutions and other written and verbal guidance.

The FRB grouped the FAQs based on the following regulations:

• Regulation H ("Membership of State Banking Institutions in the Federal Reserve System"), concerning the application and conditions for membership in the Federal Reserve System, dividends, establishment and maintenance of branches, investments in premises, and securities and community development investments;
• Regulation K ("International Banking Operations"), concerning investments and activities abroad, permissible activities abroad, nonbanking activities of foreign banking organizations and approval of offices of foreign banks;