12 CFR 206.6
§ 206.6 Waiver.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 206.6, § 206.6 Waiver, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44113
- Permanent ID
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Full text
The Board may waive the application of § 206.4(a) of this part to a bank if the primary Federal supervisor of the bank advises the Board that the bank is not reasonably able to obtain necessary services, including payment-related services and placement of funds, without incurring exposure to a correspondent in excess of the otherwise applicable limit.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.