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Title 12

Displaying title 12, up to date as of 10/01/2026. Title 12 was last amended 10/01/2026.
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Title 12Banks and BankingPart / Section
Chapter IIFederal Reserve System200 – 299
Subchapter ABoard of Governors of the Federal Reserve System200 – 269b
Part 220Credit by Brokers and Dealers (Regulation T)220.1 – 220.132
§ 220.1Authority, purpose, and scope.
§ 220.2Definitions.
§ 220.3General provisions.
§ 220.4Margin account.
§ 220.5Special memorandum account.
§ 220.6Good faith account.
§ 220.7Broker-dealer credit account.
§ 220.8Cash account.
§ 220.9Clearance of securities, options, and futures.
§ 220.10Borrowing and lending securities.
§ 220.11Requirements for the list of marginable OTC stocks and the list of foreign margin stocks.
§ 220.12Supplement: margin requirements.
Interpretations220.101 – 220.132
§ 220.101Transactions of customers who are brokers or dealers.
§ 220.102 [Reserved]
§ 220.103Borrowing of securities.
§ 220.104 [Reserved]
§ 220.105Ninety-day rule in special cash account.
§§ 220.106-220.107 [Reserved]
§ 220.108International Bank Securities.
§ 220.109 [Reserved]
§ 220.110Assistance by Federal credit union to its members.
§ 220.111Arranging for extensions of credit to be made by a bank.
§ 220.112 [Reserved]
§ 220.113Necessity for prompt payment and delivery in special cash accounts.
§§ 220.114-220.116 [Reserved]
§ 220.117Exception to 90-day rule in special cash account.
§ 220.118Time of payment for mutual fund shares purchased in a special cash account.
§ 220.119Applicability of margin requirements to credit extended to corporation in connection with retirement of stock.
§ 220.120 [Reserved]
§ 220.121Applicability of margin requirements to joint account between two creditors.
§ 220.122“Deep in the money put and call options” as extensions of credit.
§ 220.123Partial delayed issue contracts covering nonconvertible bonds.
§ 220.124Installment sale of tax-shelter programs as “arranging” for credit.
§§ 220.125-220.126 [Reserved]
§ 220.127Independent broker/dealers arranging credit in connection with the sale of insurance premium funding programs.
§ 220.128Treatment of simultaneous long and short positions in the same margin account when put or call options or combinations thereof on such stock are also outstanding in the account.
§§ 220.129-220.130 [Reserved]
§ 220.131Application of the arranging section to broker-dealer activities under SEC Rule 144A.
§ 220.132Credit to brokers and dealers.