(a) Delegation of authority. Designated Board members and officers
and the Federal Reserve Banks are authorized by the Board to exercise
various functions prescribed in this regulation and in the Board’s
Rules Regarding Delegation of Authority (12 CFR 265) and the Board’s
Rules of Procedure (12 CFR 262).
(b) Appropriate Federal Reserve Bank. In administering
this regulation, the appropriate Federal Reserve Bank is as follows:
(1) For a bank holding company
(or a company applying to become a bank holding company): the Reserve
Bank of the Federal Reserve District in which the company’s banking
operations are principally conducted, as measured by total domestic
deposits in its subsidiary banks on the date it became (or will become)
a bank holding company;
(2) For a foreign banking organization
that has no subsidiary bank and is not subject to paragraph (b)(1)
of this section: the Reserve Bank of the Federal Reserve District
in which the total assets of the organization’s United States branches,
agencies, and commercial lending companies are the largest as of the
later of January 1, 1980, or the date it becomes a foreign banking
organization;
(3) For
an individual or company submitting a notice under subpart E of this
part: the Reserve Bank of the Federal Reserve District in which the
banking operations of the bank holding company or state member bank
to be acquired are principally conducted, as measured by total domestic
deposits on the date the notice is filed.
