12 C.F.R. § 980.1 Definitions.
Title 12 - Banks and Banking
As used in this part: New business activity means any business activity undertaken, transacted, conducted, or engaged in by a Bank that has not been previously undertaken, transacted, conducted, or engaged in by that Bank, or was previously undertaken, transacted, conducted, or engaged in under materially different terms and conditions, such that it: (1) Involves the acceptance of collateral enumerated under §950.7(a)(4) of this chapter; (2) Involves the acceptance of classes of collateral enumerated under §950.7(b) of this chapter for the first time; (3) Entails risks not previously and regularly managed by that Bank, its members, or both, as appropriate; or (4) Involves operations not previously undertaken by that Bank.
Title 12: Banks and Banking
PART 980—NEW BUSINESS ACTIVITIES
§ 980.1 Definitions.
