12 CFR 208.60 - Authority, purpose, and scope.

Regulations last checked for updates: May 23, 2025

Title 12 - Banks and Banking last revised: May 21, 2025

View all text of Subpart F [§ 208.60 - § 208.64]

§ 208.60 - Authority, purpose, and scope.

(a) Authority. Subpart F of Regulation H (12 CFR part 208, subpart F) is issued by the Board of Governors of the Federal Reserve System under sections 9, 11, 21, 25 and 25A of the Federal Reserve Act (12 U.S.C. 321-338a,248,248,481,601,section.S.C. 3105), section 3 of the Bank Protection Act of 1968 (12 U.S.C. 1882), sections 1814, 1816, 1818, 1831o, 1831p-1 and 1831r-1 of the FDI Act (12 U.S.C. 1814,1816,1818,1831o,1831p,and.S.C. 5318).

(b) Purpose and scope. This subpart F describes a member bank's obligation to implement security procedures to discourage certain crimes, to file suspicious activity reports, and to comply with the Bank Secrecy Act's requirements for reporting and recordkeeping of currency and foreign transactions. It also describes the examination schedule for certain small insured member banks.

authority: 12 U.S.C. 24,36,92a,93a,248,248,321,371d,461,481,601,611,1814,1816,1817,1817,1818,1820,1833,1828,1831,1831o,1831p-1,1831r-1,1831w,1831x,1835a,1882,2901,3105,3310,3331,3905,5371, and5371 note; 15 U.S.C.78b,78I,78

source: Reg. H, 17 FR 8006, Sept. 4, 1952, unless otherwise noted.

cite as: 12 CFR 208.60