12 CFR 307.1
§ 307.1 Scope and purpose.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 307.1, § 307.1 Scope and purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46033
- Permanent ID
ys:prov:46033@1- SHA-256
5ab1ec147ea4f0c34409ff14114883ff46afd2a5faf453b1a720ac68444dec9b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Scope. This Part applies to all insured depository institutions, as defined in section 3(c)(2) of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. 1813(c)(2)).
(b) Purpose. This Part sets forth the rules governing:
(1) The time and manner for providing certification to the FDIC regarding the assumption of all of the deposit liabilities of an insured depository institution by one or more insured depository institutions; and
(2) The notification that an insured depository institution shall provide its depositors when a depository institution's insured status is being voluntarily terminated without its deposits being assumed by one or more insured depository institutions.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.