Statutes and regulations

Letter concludes a Federal branch's purchase of bonds convertible into equity were permissible investments under Part 1 if the bonds are the credit equivalent of investment grade and marketable. Letter also states that [1] the subsequent sale of a call option on a bond does not affect its marketability, [2] a national bank can purchase bonds convertible into equity where it does not exercise the conversion feature, and [3] while in this case the assignment of a credit rating to the bonds in conjunction with a related asset swap and call option was sufficient to demonstrate an analysis of the bonds, debt securities should be assigned their own separate credit rating. Alternatively, the purchase is permissible under the branch's lending authority if the branch complies with BC-181.

OCC Interpretive Letter No. 930 · Federal · Agency guidance

OCC Interpretive Letters › Letter concludes a Federal branch's purchase of bonds convertible into equity were permissible investments under Part 1 if the bonds are the credit equivalent of investment grade and marketable. Letter also states that [1] the subsequent sale of a call option on a bond does not affect its marketability, [2] a national bank can purchase bonds convertible into equity where it does not exercise the conversion feature, and [3] while in this case the assignment of a credit rating to the bonds in conjunction with a related asset swap and call option was sufficient to demonstrate an analysis of the bonds, debt securities should be assigned their own separate credit rating. Alternatively, the purchase is permissible under the branch's lending authority if the branch complies with BC-181.

See 12 U.S.C. § 3102(b). 6 12 C.F.R. § 1.2(e). A security is not predominantly speculative in nature if it is rated investment grade. … (CCH) ¶ 85,263. 18 The lending limits in 12 U.S.C. § 84 based on the capital stock and surplus of a national bank, when applied to a Federal branch or agency, refers to the dollar equivalent of the capital

“Conception”

MPEP § 2138.04 · Federal · Agency guidance

Agency Guidance › USPTO MPEP › Chapter 2100 - Patentability › MPEP § 2138.04

. 102 - 103 and subject to pre-AIA 35 U.S.C. 102(g) .See MPEP § 2159 et seq.] … Chugai Pharmaceutical Co., 927 F.2d 1200, 1206, 18 USPQ2d 1016, 1021 (Fed.

Approves with conditions national bank's acquisition of 20% minority interest in a payroll processor. (02/24/97)

OCC Interpretive Letter No. 771 · Federal · Agency guidance

OCC Interpretive Letters › Approves with conditions national bank's acquisition of 20% minority interest in a payroll processor. (02/24/97)

See generally, Accounting Principles Board, Op. 18, § 19 (1971). … Twelve U.S.C assive investment unrelated to that bank’s banking business.

The Division of Clearing and Risk issued a letter interpreting Regulation 39.13(g)(8)(ii) (customer margin rule) to clarify that registered derivatives clearing organizations, in establishing customer initial margin r...

CFTC Letter No. 12-08 · Federal · Agency guidance

CFTC Staff Letters (2008-present) › The Division of Clearing and Risk issued a letter interpreting Regulation 39.13(g)(8)(ii) (customer margin rule) to clarify that registered derivatives clearing organizations, in establishing customer initial margin r...

. 78g(c)(2). 34 Section 2(a)(1)(C)(v)(IV) of the CEA, 7 U.S.C. 2(a)(1)(C)(v)(IV). 35 Appendix E of Pub. … . 78g(c)(2). 34 Section 2(a)(1)(C)(v)(IV) of the CEA, 7 U.S.C. 2(a)(1)(C)(v)(IV). 35 Appendix E of Pub.

Final Rulemaking on Simplification of Deposit Insurance Rules for Trust and Mortgage Servicing Accounts

FDIC FIL-7-2022 · Federal · Agency guidance

FDIC Financial Institution Letters › Final Rulemaking on Simplification of Deposit Insurance Rules for Trust and Mortgage Servicing Accounts

. 4802(a). 77 12 U.S.C. 4802(b). 78 Public Law 106–102, section 722, 113 Stat. 1338, 1471 (1999), 12 U.S.C. 4809. … . 4802(a). 77 12 U.S.C. 4802(b). 78 Public Law 106–102, section 722, 113 Stat. 1338, 1471 (1999), 12 U.S.C. 4809.

Time-limited no-action relief for Shanghai Clearing House with regard to Section 5b(a) of the Commodity Exchange Act and Commission Regulations thereunder.

CFTC Letter No. 16-56 · Federal · Agency guidance

CFTC Staff Letters (2008-present) › Time-limited no-action relief for Shanghai Clearing House with regard to Section 5b(a) of the Commodity Exchange Act and Commission Regulations thereunder.

See Section 1a(47)(A) of the CEA, 7 U.S.C. § 1a(47)(A) (“[T]he term ‘swap’ means any agreement, contract, or transaction – . . . … -15.pdf),5 and OTC Clearing Hong Kong Limited (see http://www.cftc.gov/idc/groups/public/@otherif/documents/ifdocs/otccleardcoexemptorder12-21-15.pdf). 6 See CFTC No-Action Letter No. 14-107 (Aug. 18

Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for Bank of Mellon Trust Company, N.A., Jacksonville, Florida.

OCC Interpretive Letter No. 1143 · Federal · Agency guidance

OCC Interpretive Letters › Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for Bank of Mellon Trust Company, N.A., Jacksonville, Florida.

. § 1818 and, as such, are enforceable under 12 U.S.C. § 1818. … s information available to the OCC as of July 18, 2014.

Marriage and Marital Union for Naturalization

USCIS Policy Manual, Vol. 12, Pt. G, Ch. 2 · Federal · Agency guidance

Agency Guidance › USCIS Policy Manual › Volume 12 - Citizenship and Naturalization › Part G - Spouses of U.S. Citizens › USCIS Policy Manual, Vol. 12, Pt. G, Ch. 2

See Matter of Luna , 18 I&N Dec. 385 (BIA 1983). [13] See 8 CFR 319.1(b)(1) . [14] See 8 CFR 103.2(b) . See 8 CFR 319.1 and 8 CFR 319.2 . … [18] See INA 319(a) . See 8 CFR 319.1(a)(3) and 8 CFR 319.1(b) .

The Market Participants Division (“MPD”), Division of Market Oversight (“DMO”), and Division of Clearing and Risk (“DCR” and, together with MPD and DMO, the “Divisions”) of the Commodity Futures Trading Commission are...

CFTC Letter No. 25-39 · Federal · Agency guidance

CFTC Staff Letters (2008-present) › The Market Participants Division (“MPD”), Division of Market Oversight (“DMO”), and Division of Clearing and Risk (“DCR” and, together with MPD and DMO, the “Divisions”) of the Commodity Futures Trading Commission are...

5901–5916. 29 CEA Section 3, 7 U.S.C. § 5. 30 CFTC, Keynote Address by Acting Chairman Caroline D. … Pham, FIA EXPO (Nov. 18, 2025), available at: https://www.cftc.gov/PressRoom/SpeechesTestimony/opapham19.

Letter concludes that it would be permissible under 12 USC 29 for bank to enter into a long-term ground lease with unrelated third party of property that it has owned and used as bank premises for three decades.

OCC Interpretive Letter No. 1072 · Federal · Agency guidance

OCC Interpretive Letters › Letter concludes that it would be permissible under 12 USC 29 for bank to enter into a long-term ground lease with unrelated third party of property that it has owned and used as bank premises for three decades.

Discussion A national bank’s authority to own real estate is governed by 12 U.S.C. § 29. … Schleier, 118 F. 981 (8th Cir. 1902), aff’d, 194 U.S. 18 (1904), the court stated: If the land which [a national bank] purchases or leases for the accommodation of its business is very valuable, it

AZ Regulatory Bulletin 2026-03: 2026 Arizona Insurance and Financial Institutions Laws

AZ Regulatory Bulletin 2026-03 · Arizona · Agency guidance

Arizona Department of Insurance and Financial Institutions Bulletins › AZ Regulatory Bulletin 2026-03: 2026 Arizona Insurance and Financial Institutions Laws

.”) §§ 41-1001(24) and 41-1091, the Arizona Department of Insurance and Financial Institutions (“Department”) occasionally issues Substantive Policy Statements (“Bulletins”) to express the Department … years of age, except, if over 18 years of age and incapable of self-support, when the child becomes capable of self- support, or if over 18 years of age and enrolled as a full-time student in any accredited

Letter addresses the authority of a national bank to provide cryptocurrency custody services for customers (07/22/2020)

OCC Interpretive Letter No. 1170 · Federal · Agency guidance

OCC Interpretive Letters › Letter addresses the authority of a national bank to provide cryptocurrency custody services for customers (07/22/2020)

This letter expresses no opinion on whether cryptocurrencies may be exchange for purposes of 12 U.S.C. 24(Seventh). … . 92a(a). 12 CFR Part 9 implements 12 U.S.C. 92a.

Letter confirms that a national bank may acquire a non-controlling investment in a SEC registered investment advisory company when the investment advisory company owns limited equity interests in investment funds to which it provides services.

OCC Interpretive Letter No. 897 · Federal · Agency guidance

OCC Interpretive Letters › Letter confirms that a national bank may acquire a non-controlling investment in a SEC registered investment advisory company when the investment advisory company owns limited equity interests in investment funds to which it provides services.

The OCC has long held that a national bank may provide investment advice as part of the business of banking authorized under 12 U.S.C. § 24(Seventh) and pursuant to their fiduciary powers under 12 U.S.C … Title 6, § 18-303 (1999). - - 13 b.

No-action relief from the trade execution requirement to facilitate an orderly transition from the inter-bank offered rates to alternative risk-free rates.

CFTC Letter No. 19-27 · Federal · Agency guidance

CFTC Staff Letters (2008-present) › No-action relief from the trade execution requirement to facilitate an orderly transition from the inter-bank offered rates to alternative risk-free rates.

The ARRC has identified certain methods of conversion considered likely to be used by market participants when effecting Replacement Rate Amendments.18 C. … § 6(c), may also not be subject to the section 2(h)(8) trade execution requirement, 7 U.S.C. § 2(h)(8).

Small Bank Pricing

FDIC FIL-7-2016 · Federal · Agency guidance

FDIC Financial Institution Letters › Small Bank Pricing

See 12 U.S.C. 1817(b)(1)(C). 5 See 80 FR at 40838 and 40842. … Institutions that are bridge depository institutions under 12 U.S.C. 1821(n) and institutions for which the Corporation has been appointed or serves as conservator shall, VerDate Sep<11>2014 18:14

Federal law preempts state laws that purport to preclude national banks from soliciting trust business from customers located in states other than where the bank's main office is located. A national bank also may have trust representative offices in its home state as well as other states to market its fiduciary services. 10/08/99

OCC Interpretive Letter No. 866 · Federal · Agency guidance

OCC Interpretive Letters › Federal law preempts state laws that purport to preclude national banks from soliciting trust business from customers located in states other than where the bank's main office is located. A national bank also may have trust representative offices in its home state as well as other states to market its fiduciary services. 10/08/99

This incidental power extends to all customers, 18 regardless of their location. … See Letter No. 695 at pages 18-19 nn. 11 and 12. To the extent the previous letters are inconsistent with this letter, they are superseded.

No-action position to UBS Europe SE in relation to statutory disqualification condition of CFTC Staff Letter No. 12-70 with respect to its affiliate support activities.

CFTC Letter No. 25-31 · Federal · Agency guidance

CFTC Staff Letters (2008-present) › No-action position to UBS Europe SE in relation to statutory disqualification condition of CFTC Staff Letter No. 12-70 with respect to its affiliate support activities.

No person is required to respond to a request for information unless a valid OMB number is displayed. 2 7 U.S.C. §§ 6d(g) and 6m. 3 7 U.S.C. § 12a. 4 CFTC Staff Letter No. 12-70 (Dec. 31, 2012), … UBS ESE complies with the following conditions:19 (1) UBS ESE is registered or licensed with, or subject to regulation by, the European Central Bank, the BaFin and the German Bundesbank; 18

OIC's Implementation of the Federal No Surprises Act

WA OIC Technical Assistance Advisory 2021-05 · Washington · Agency guidance

Washington OIC Technical Assistance Advisories and Emergency Orders › OIC's Implementation of the Federal No Surprises Act

Reg. at 36,883. 17 See section 116(b) of the No Surprises Act. 18 See 86 Fed. … 44) and WAC 284-43B-010(2)(l) (defining “surgical or ancillary services,” which are granted balance billing protection under RCW 48.49.020(1)). 25 See section 110 of the No Surprises Act. 26 See 42 U.S.C

National bank may acquire and hold a non-controlling minority interest in a LLC which will engage in the business of merchant credit and debit card processing. (10/14/97)

OCC Interpretive Letter No. 813 · Federal · Agency guidance

OCC Interpretive Letters › National bank may acquire and hold a non-controlling minority interest in a LLC which will engage in the business of merchant credit and debit card processing. (10/14/97)

It is clear that merchant processing activities are permissible under 12 U.S.C. § 24(Seventh). … See generally, Accounting Principles Board, Op. 18 § 19 (1971) (equity method of accounting for investments in common stock). Interpretive Letter No. 692, supra.

The Division of Market Oversight (DMO) is issuing a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (the OCR F...

CFTC Letter No. 15-03 · Federal · Agency guidance

CFTC Staff Letters (2008-present) › The Division of Market Oversight (DMO) is issuing a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (the OCR F...

The Commission is also required to protect certain information contained in a government system of records according to the Privacy Act of 1974, 5 U.S.C. 552a. 18 See http://www.cftc.gov/Forms/OCR … The Commission is also required to protect certain information contained in a government system of records according to the Privacy Act of 1974, 5 U.S.C. 552a. 18 See http://www.cftc.gov/Forms/OCR