§ 28-1-18.2-5 — Applicability of certain provisions of Federal Reserve Act and regulations; violations

Indiana § 28-1-18.2-5

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 18.2: Examination of Affiliates

Text

(a) For purposes of this section, a bank or
trust company that is not a member of the Federal Reserve System is
subject to Sections 23A and 23B of the Federal Reserve Act (12 U.S.C.
371c or 371c-1) and Federal Reserve Regulation W (12 CFR 223) to
the same extent and in the same manner as though it were a member of
the Federal Reserve System.
(b) A violation of Section 23A or 23B of the Federal Reserve Act
(12 U.S.C. 371c or 371c-1) or Federal Reserve Regulation W (12 CFR
223) by a bank or trust company or a subsidiary of either constitutes a
violation of this section.

Legislative History

As added by P.L.33-1991, SEC.18. Amended by P.L.141-2005, SEC.8.