Code of Federal Regulations, Title 12 Banks and Banking 600-899, Revised as of January 1, 2021: Part 2

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: 586 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 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 US 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 appropriate risk management practices, maintaining adequate capital levels, and providing fair and transparent services to their customers. Failure to comply with these regulations can result in significant penalties and sanctions, including fines, restitution orders, and even criminal prosecution.

In conclusion, Title 12 is a critical component of the US financial regulatory framework. It provides a comprehensive set of regulations that govern the banking procedures and activities of several key regulatory bodies. These regulations are designed to promote financial stability, protect consumers, and ensure fair and transparent banking practices. By adhering to these regulations, banks and other financial institutions can contribute to the overall health and stability of the US financial system.

Weight: 812g
Dimension: 230 x 154 x 31 (mm)
ISBN-13: 9781636718026