Pursuant to the authority conferred upon it by section 14 of the
Federal Reserve Act, as amended (40 Stat. 235, 48 Stat. 181; 12 USC 358,
348a), and by other provisions of law, the Board of Governors of the Federal
Reserve System prescribes the following regulations governing relationships
and transactions between Federal Reserve Banks and foreign banks or bankers
or groups of foreign banks or bankers or a foreign state as defined in
section 25(b) [now 25B] of the Federal Reserve Act. (55 Stat. 131;
12 USC 632).
