12 CFR 652.45
§ 652.45 Temporary regulatory waivers or modifications for extraordinary situations.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 652.45, § 652.45 Temporary regulatory waivers or modifications for extraordinary situations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48301
- Permanent ID
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Full text
Whenever the FCA determines that an extraordinary situation exists that necessitates a temporary regulatory waiver or modification, the FCA may, in its sole discretion:
(a) Modify or waive the minimum liquidity reserve requirement in § 652.40 of this subpart;
(b) Modify the amount, qualities, and types of eligible investments that you are authorized to hold pursuant to § 652.20 of this subpart; and/or
(c) Take other actions as deemed appropriate.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.