12 C.F.R. § 907.4 No-Action Letters.
Title 12 - Banks and Banking
(a) Authority. Finance Board staff, in its discretion, may issue a No-Action Letter to a Bank or the Office of Finance stating that staff will not recommend supervisory or other action to the Board of Directors for failure to comply with a specific provision of the Act or a Finance Board rule, regulation, policy, or order, if a requester undertakes a proposed transaction or activity. The Board of Directors may modify or supersede a No-Action Letter. (b) Requests. A Bank or the Office of Finance may request a No-Action Letter in accordance with §907.6. [64 FR 30883, June 9, 1999, as amended at 65 FR 8257, Feb. 18, 2000]
Title 12: Banks and Banking
PART 907—PROCEDURES
Subpart B—Waivers, Approvals, No-Action Letters, and Regulatory Interpretations
§ 907.4 No-Action Letters.
