Code of Federal Regulations, Title 12 Banks and Banking 220-229, Revised as of January 1, 2021: Part 1

Title 12 of the Code governs banking procedures and activities of various federal agencies, including the Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corporation, Export-Import Bank, Office of Thrift Supervision, Farm Credit Administration, and National Credit Union Administration.

Format: Paperback / softback
Length: 528 pages
Publication date: 30 April 2022
Publisher: Rowman & Littlefield

Title 12 is a comprehensive set of regulations that govern the banking procedures and activities of several key regulatory bodies in the United States. These regulations are issued by the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Export-Import Bank, the Office of Thrift Supervision, the Farm Credit Administration, and the National Credit Union Administration. Additionally, Title 12 encompasses regulations related to various other types of banking operations.

The regulations outlined in Title 12 are subject to periodic updates and revisions, with these updates being published annually by January. Following this publication, the regulations take effect within six months.

These regulations play a crucial role in ensuring the stability and soundness of the U.S. banking system. They provide a framework for conducting banking activities, setting standards for consumer protection, and promoting financial stability. By implementing these regulations, the regulatory bodies aim to protect the interests of depositors, borrowers, and other stakeholders in the financial industry.

Title 12 is a complex and extensive document that covers a wide range of banking-related topics. It includes provisions related to bank deposits, loans, credit, investments, and other financial services. The regulations also address issues such as anti-money laundering, fraud prevention, and consumer disclosure.

To ensure compliance with Title 12, banks and other financial institutions must adhere to the specific requirements outlined in the regulations. These requirements may include implementing policies and procedures, conducting regular audits, and reporting financial information to the regulatory bodies. Failure to comply with TitleS 12 can result in significant penalties, including fines, sanctions, and even criminal prosecution.

In conclusion, Title 12 is a critical component of the U.S. financial regulatory framework. It provides a comprehensive set of regulations that govern the banking procedures and activities of several key regulatory bodies. By implementing these regulations, the regulatory bodies aim to promote financial stability, protect consumers, and ensure the soundness of the U.S. banking system.

Weight: 699g
Dimension: 219 x 155 x 26 (mm)
ISBN-13: 9781636717968