(a) Authority. Subpart B of Regulation H (12 CFR part 208, subpart B) is issued by the Board of Governors of the Federal Reserve System under 12 U.S.C. 24; sections 9, 11 and 21 of the Federal Reserve Act (12 U.S.C. 321-338a, 248(a), 248(c), and 481-486); sections 1814, 1816, 1818, 1823(j), 1831o, 1831p-1 and 1831r-1 of the FDI Act (12 U.S.C. 1814, 1816, 1818, 1823(j), 1831o, 1831p-1 and 1831r-1); and the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended (42 U.S.C. 4001-4129).
(b) Purpose and scope. This subpart B describes certain investment limitations on member banks, statutory requirements for amortizing losses on agricultural loans and extending credit in areas having special flood hazards, as well as the requirements for issuing letters of credit and acceptances.
Notes of Decisions
Let W. Lee v. Bankers Trust Co., 166 F.3d 540 (2d Cir. 1999).
· cites it 3× “See 12 C.F.R. § 208 .20© & (g). . *544 SAR filers are protected from civil liability by the “safe harbor” provision of the Act, which provides: Liability for disclosures.”
Weil v. Long Island Sav. Bank, 195 F. Supp. 2d 383 (E.D.N.Y 2001).
· cites it 4× “1999) (citing 12 C.F.R. § 208.20 (d) (1997)). The court in Lee also noted that, pursuant to the regulations, “Institutions are prohibited from acknowledging filing, or commenting on the contents of, an SAR unless ordered to do so by the appropriate authorities.”
Bank of Eureka Springs v. Evans, 109 S.W.3d 672 (Ark. 2003).
· cites it 2× “") (citing 12 C.F.R. § 208.20 (k) (1998)). We express no opinion about the legality of the Bank's disclosure of the fact of its SAR filings against Mr.”
Wultz v. Bank of China Ltd., 61 F. Supp. 3d 272 (S.D.N.Y. 2013).
“1999) (citing 12 C.F.R. § 208.20 (d) (1997) (Office of Thrift Supervision SAR regulation), now 12 C.”
Nevin v. Citibank, N.A., 107 F. Supp. 2d 333 (S.D.N.Y. 2000).
“” 12 C.F.R. § 208.20 (d) (1997). Further, the OMB form used by financial institutions to complete an SAR provides, under the heading “summary characterization of suspicious activity,” two choices relating to fraudulent use of credit cards.”
Stoutt v. Banco Popular de Puerto Rico, 320 F.3d 26 (1st Cir. 2003).
· cites it 3× “12 C.F.R. § 208.20 (1995). The CRF, a predecessor of the suspicious activity report (“SAR”) under current law, 12 C.”
United States v. Ortiz, 906 F. Supp. 140 (E.D.N.Y 1995).
“12 C.F.R. §§ 208.20 ; 353.1; 748.1. The statutes and regulations in no way mandate the banks to inform customers of the bank’s requirements to report transactions over $10,000 in cash.”
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