Source: https://www.ecfr.gov/cgi-bin/text-idx?mc=true&node=sp12.4.263.b&rgn=div6
Timestamp: 2020-07-11 11:01:16
Document Index: 290323668

Matched Legal Cases: ['art 263', '§263', '§263', '§263', '§263', '§263', '§263', '§263']

Title 12 → Chapter II → Subchapter A → Part 263 → Subpart B
§263.51 Definitions.
§263.52 Address for filing.
§263.54 Delegation to the Office of Financial Institution Adjudication.
§263.55 Board as Presiding Officer.
§263.56 Initial licensing proceedings.
As used in subparts B through G of this part:
(a) Secretary means the Secretary of the Board of Governors of the Federal Reserve System;
(b) Member bank means any bank that is a member of the Federal Reserve System.
(c) Institution has the same meaning as that assigned to it in §263.3(f) of subpart A, and includes any foreign bank with a representative office in the United States.
[56 FR 38052, Aug. 9, 1991, as amended at 57 FR 13001, Apr. 15, 1992; 58 FR 6363, Jan. 28, 1993]
All papers to be filed with the Board shall be filed with the Secretary of the Board of Governors of the Federal Reserve System, Washington, DC 20551.
The Board may, in its discretion, designate itself, one or more of its members, or an authorized officer, to act as presiding officer in a formal hearing. In such a proceeding, proposed findings and conclusions, briefs, and other submissions by the parties permitted in subpart A shall be filed with the Secretary for consideration by the Board. Sections 263.38 and 263.39 of subpart A will not apply to proceedings conducted under this section.
Proceedings with respect to applications for initial licenses shall include, but not be limited to, applications for Board approval under section 3 of the BHC Act and section 10 of HOLA and such proceedings as may be ordered by the Board with respect to applications under section 18(c) of the FDIA. In such initial licensing proceedings, the procedures set forth in subpart A of this part shall apply, except that the Board may designate a Board Counsel to represent the Board in a nonadversary capacity for the purpose of developing for the record information relevant to the issues to be determined by the Presiding Officer and the Board. In such proceedings, Board Counsel shall be considered to be a decisional employee for purposes of §§263.9 and 263.40 of subpart A.
[76 FR 56603, Sept. 13, 2011]