# 12 C.F.R. § 354.1 (2026): Scope

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_1

## Section

- **Citation:** 12 C.F.R. § 354.1 (2026)
- **Heading:** Scope
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 354: INDUSTRIAL BANKS / § 354.1: § 354.1   Scope.

## Text

(a) In addition to the applicable filing procedures of part 303 of this chapter, this part establishes certain requirements for filings involving an industrial bank or a Covered Company.
(b) The requirements of this part do not apply to an industrial bank that is organized as a subsidiary of a company that is not subject to Federal consolidated supervision by the Federal Reserve Board (FRB) before April 1, 2021. In addition, this part does not apply to:
(1) Any industrial bank that is or becomes controlled by a company that is subject to Federal consolidated supervision by the FRB; and
(2) Any industrial bank that is not or will not become a subsidiary of a company.

## Nearby sections

- [12 C.F.R. § 354.1 (2026) § 354.1   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_1.md)
- [12 C.F.R. § 354.2 (2026) § 354.2   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_2.md)
- [12 C.F.R. § 354.3 (2026) § 354.3   Written agreement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_3.md)
- [12 C.F.R. § 354.4 (2026) § 354.4   Required commitments and provisions of written agreement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_4.md)
- [12 C.F.R. § 354.5 (2026) § 354.5   Restrictions on industrial bank subsidiaries of Covered Companies.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_5.md)
- [12 C.F.R. § 354.6 (2026) § 354.6   Reservation of authority.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_6.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P354_S354_1. Check the current official text before relying on it. Not legal advice.