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Title 12

Displaying title 12, up to date as of 9/03/2026. Title 12 was last amended 9/01/2026.
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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 223Transactions Between Member Banks and Their Affiliates (Regulation W)223.1 – 223.72
Subpart AIntroduction and Definitions223.1 – 223.3
§ 223.1Authority, purpose, and scope.
§ 223.2What is an “affiliate” for purposes of sections 23A and 23B and this part?
§ 223.3What are the meanings of the other terms used in sections 23A and 23B and this part?
Subpart BGeneral Provisions of Section 23A223.11 – 223.16
Subpart CValuation and Timing Principles Under Section 23A223.21 – 223.24
§ 223.21What valuation and timing principles apply to credit transactions?
§ 223.22What valuation and timing principles apply to asset purchases?
§ 223.23What valuation and timing principles apply to purchases of and investments in securities issued by an affiliate?
§ 223.24What valuation principles apply to extensions of credit secured by affiliate securities?
Subpart DOther Requirements Under Section 23A223.31 – 223.33
§ 223.31How does section 23A apply to a member bank's acquisition of an affiliate that becomes an operating subsidiary of the member bank after the acquisition?
§ 223.32What rules apply to financial subsidiaries of a member bank?
§ 223.33What rules apply to derivative transactions?
Subpart EExemptions from the Provisions of Section 23A223.41 – 223.43
§ 223.41What covered transactions are exempt from the quantitative limits and collateral requirements?
§ 223.42What covered transactions are exempt from the quantitative limits, collateral requirements, and low-quality asset prohibition?
§ 223.43What are the standards under which the Board may grant additional exemptions from the requirements of section 23A?
Subpart FGeneral Provisions of Section 23B223.51 – 223.56
Subpart GApplication of Sections 23A and 23B to U.S. Branches and Agencies of Foreign Banks223.61
§ 223.61How do sections 23A and 23B apply to U.S. branches and agencies of foreign banks?
Subpart HMiscellaneous Interpretations223.71
§ 223.71How do sections 23A and 23B apply to transactions in which a member bank purchases from one affiliate an asset relating to another affiliate?
Subpart ISavings Associations—Transactions with Affiliates223.72
§ 223.72Transactions with affiliates.