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Regulation K - International Banking Operations
Interpretation on Scope of Data Processing Activities |
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November 23, 1999
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| Circular No. 11206 | |
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To All Depository Institutions and Bank Holding Companies in the Second Federal Reserve District: The Board of Governors of the Federal Reserve System has issued an interpretation of Regulation K, International Banking Operations, that clarifies that a banking organization may not engage in a broader range of data processing activities outside the United States under Regulation K than is permissible to bank holding companies under Regulation Y, without the Board's approval. The Board's notice, in the Federal Register of November 1, is available as a
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