Code of Federal Regulations, Title 12 Banks and Banking 900-1025, Revised as of January 1, 2021

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: 768 pages
Publication date: 11 February 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 new additions and modifications being published annually by January. These updates are intended to reflect changes in the financial industry and to ensure that banks and other financial institutions operate in a safe and sound manner. Once published, the regulations are effective within six months.

Title 12 plays a crucial role in maintaining the stability and integrity of the U.S. financial system. By establishing clear guidelines and regulations for banking operations, it helps to protect consumers, investors, and the overall economy from potential risks and abuses. The regulations cover a wide range of topics, including capital requirements, lending practices, risk management, consumer protection, and anti-money laundering measures.

One of the key objectives of Title 12 is to promote fair and transparent banking practices. It requires banks and other financial institutions to disclose accurate information about their financial condition, products, and services to their customers and to comply with strict standards of conduct. This helps to build trust between banks and their customers and to prevent fraudulent activities.

Another important aspect of TitleS 12 is its role in promoting economic growth and stability. By providing a framework for banks to operate within, it encourages them to make loans to businesses and individuals, which in turn stimulates economic activity and job creation. Additionally, the regulations promote competition among banks, which can lead to improved service quality and lower prices for consumers.

However, it is worth noting that Title 12 is not without its challenges. Implementing and enforcing these regulations can be complex and time-consuming, and banks may need to make significant investments in compliance and technology to ensure that they are in compliance with the law. Additionally, there may be concerns about the impact of these regulations on small banks and community financial institutions, which may have different needs and resources than larger banks.

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 promoting fair and transparent banking practices, promoting economic growth and stability, and protecting consumers and investors, Title 12 plays a vital role in maintaining the health of the U.S. financial system.

Weight: 1070g
Dimension: 229 x 156 x 40 (mm)
ISBN-13: 9781636718033