12 CFR 1511.7
§ 1511.7 Liability of the Funding Corporation and Federal Reserve Banks.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1511.7, § 1511.7 Liability of the Funding Corporation and Federal Reserve Banks, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51202
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Full text
The Funding Corporation and the Federal Reserve Banks may rely on the information provided in a Transfer Message, or other documentation, and are not required to verify the information. The Funding Corporation and the Federal Reserve Banks shall not be liable for any action taken in accordance with the information set out in a Transfer Message, other documentation, or evidence submitted in support thereof.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.