yourstate.us
Home / United States / 12 CFR
12 CFR 615.5550

§ 615.5550 Bankers' acceptances.

United States · 12 CFR — Banks and Banking · Status: effective

Get this as JSONEmbed this
Cite this
Citation
12 CFR 615.5550, § 615.5550 Bankers' acceptances, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47904
Permanent ID
ys:prov:47904@1
SHA-256
2603d88cc47e95e2f748e553641c03dc2a2ab40685e0df159fc1eb326f731a03

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

Banks for cooperatives may rediscount with other purchasers the acceptances they have created. The bank for cooperatives' board of directors, under established policies, may delegate this authority to management.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.