12 C.F.R. § 225.3

Administration

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(a) Delegation of authority. Designated Board members and officers and the Federal Reserve Banks are authorized by the Board to exercise various functions prescribed in this regulation and in the Board's Rules Regarding Delegation of Authority (12 CFR part 265) and the Board's Rules of Procedure (12 CFR part 262).

(b) Appropriate Federal Reserve Bank. In administering this regulation, unless a different Federal Reserve Bank is designated by the Board, the appropriate Federal Reserve Bank is as follows:

(1) For a bank holding company (or a company applying to become a bank holding company): the Reserve Bank of the Federal Reserve district in which the company's banking operations are principally conducted, as measured by total domestic deposits in its subsidiary banks on the date it became (or will become) a bank holding company;

(2) For a foreign banking organization that has no subsidiary bank and is not subject to paragraph (b)(1) of this section: the Reserve Bank of the Federal Reserve district in which the total assets of the organization's United States branches, agencies, and commercial lending companies are the largest as of the later of January 1, 1980, or the date it becomes a foreign banking organization;

(3) For an individual or company submitting a notice under subpart E of this part: The Reserve Bank of the Federal Reserve district in which the banking operations of the bank holding company or state member bank to be acquired are principally conducted, as measured by total domestic deposits on the date the notice is filed.

Notes of Decisions

Cited in 6 cases, 1975–1981 · leading case: Bd. of Governors of the Fed. Reserve Sys. v. First Lincolnwood Corp., 439 U.S. 234 (1978).

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Bd. of Governors of the Fed. Reserve Sys. v. First Lincolnwood Corp., 439 U.S. 234 (1978). · cites it 2× “12 CFR §§ 225.3 (a)-(b), 262.3 (b) (1978).”

Repub. of Texas Corp. v. Bd. of Governors of the Fed. Reserve Sys., 649 F.2d 1026 (5th Cir. 1981). · cites it 3× “See also 12 C.F.R. § 225.3 (d)(2) (1980) (“[a]s required by the Act, the Board notifies the Attorney General of the United States of Board action on any transaction proposed under this section”).”

First Lincolnwood Corp. v. Bd. of Governors of the Fed. Reserve Sys., 546 F.2d 718 (1st Cir. 1976). · cites it 2× “) 32 12 C.F.R. 225.3(b) (1976). 33 The record on review establishes that petitioner was notified on June 3, 1975 (seventeen days after the filing of its application), that the forty-five day period would not apply, and that its application would be forwarded to the Board for…”

Grandview Bank & Trust Co. v. Bd. of Governors of the Fed. Reserve Sys., Com. Bancshares, Inc., Intervenor-Respondent, 550 F.2d 415 (8th Cir. 1977). “12 CFR §§ 225.3 (a) and 262.3 require that an application for approval by the Board be filed with the Federal Reserve Bank and that the Reserve Bank make such investigation as may be necessary.”

First Lincolnwood Corp., an Illinois Corp. v. Bd. of Governors of the Fed. Reserve Sys., 560 F.2d 258 (1st Cir. 1977). “§ 1842 (b), and the Board’s forty-five day approval regulation, 12 C.F.R. 225.3(b) (1976). First Lincolnwood did not seek rehearing as to those contentions, and as to them, the decision of the panel controls.”

Tri-State Bancorporation, Inc. v. Bd. of Governors of the Fed. Reserve Sys., 524 F.2d 562 (7th Cir. 1975). “12 C.F.R. §§ 225.3 , 262.3(c) (1975). During the next six months petitioner was notified that the application was legally and informationally sufficient for processing; comments were requested from appropriate parties, 2 notices were published; supplementary material was filed…”

— 12 C.F.R. § 225.3(b) — 2 cases

First Lincolnwood Corp. v. Bd. of Governors of the Fed. Reserve Sys., 546 F.2d 718 (1st Cir. 1976). “) 32 12 C.F.R. 225.3(b) (1976). 33 The record on review establishes that petitioner was notified on June 3, 1975 (seventeen days after the filing of its application), that the forty-five day period would not apply, and that its application would be forwarded to the Board for…”

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