Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 206  /  Sec. 206.6 Waiver.

The Board may waive the application of Sec. 206.4(a) of this part to a bank if the primary Federal supervisor of the bank advises the Board that the bank is not reasonably able to obtain necessary services, including payment-related services and placement of funds, without incurring exposure to a correspondent in excess of the otherwise applicable limit.