12 C.F.R. § 265.3

Board review of delegated actions

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

(a) Request by Board member. The Board shall review any action taken at a delegated level upon the vote of one member of the Board, either on the member's own initiative or on the basis of a petition for review by any person claiming to be adversely affected by the delegated action.

(b) Petition for review. A petition for review of a delegated action must be received by the Secretary of the Board not later than the fifth day following the date of the delegated action.

(c) Notice of review. The Secretary shall give notice of review by the Board of a delegated action to any person with respect to whom the action was taken not later than the tenth day following the date of the delegated action. Upon receiving notice, such person may not proceed further in reliance upon the delegated action until notified of the outcome of the review by the Board.

(d) By action of a delegatee. A delegatee may submit any matter to the Board for determination if the delegatee considers it appropriate because of the importance or complexity of the matter.

Notes of Decisions

Cited in 3 cases, 1980–1982 · leading case: Lee Constr. Co. v. Fed. Reserve Bank of Richmond, 558 F. Supp. 165 (D. Maryland 1982).

Sort: Relevance Newest Treatment

Lee Constr. Co. v. Fed. Reserve Bank of Richmond, 558 F. Supp. 165 (D. Maryland 1982). “The Board has promulgated a regulation with regard to such review which provides in pertinent part as follows: Any action taken at a delegated level shall be subject to review by the Board only if such review is requested by a member of the Board either on the member’s own…”

Vickars-Henry Corp. v. Bd. of Governors of the Fed. Reserve Sys., 629 F.2d 629 (9th Cir. 1980). · cites it 2× “That order was based on a review, under 12 C.F.R. § 265.3 , of the General Counsel’s decision denying certification.”

Paul M. Nehring v. First Dekalb Bancshares, Inc., 692 F.2d 1138 (1st Cir. 1982). “See 12 C.F.R. § 265.3 (1982). On June 28, 1981, before any of the defendants applied to the Comptroller of the Currency for approval to merge the First National and Second National banks, the plaintiff filed this action in the district court.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.