Explanation The Code of Federal Regulations is a codification of the general and per nent rules published in the Federal Register by the Executive departments agencies of the Federal Government. The Code is divided into 50 titles wh represent broad areas subject to Federal regulation. Each title is divided i chapters which usually bear the name of the issuing agency. Each chapte further subdivided into parts covering specific regulatory areas. ISSUE DATES Each volume of the Code is revised at least once each calendar year issued on a quarterly basis approximately as follows: Title 1 through Title 16.................. Title 17 through Title 27........ Title 28 through Title 41.............. Title 42 through Title 50............. as of Januar as of Apr as of Ju as of Octob The appropriate revision date is printed on the cover of each volume. LEGAL STATUS The contents of the Federal Register are required to be judicially noticed U.S.C. 1507). The Code of Federal Regulations is prima facie evidence of text of the original documents (44 U.S.C. 1510). HOW TO USE THE CODE OF FEDERAL REGULATIONS The Code of Federal Regulations is kept up to date by the individual issue the Federal Register. These two publications must be used together to de mine the latest version of any given rule. To determine whether a Code volume has been amended since its revis date (in this case, January 1, 1986), consult the "List of CFR Sections Affed (LSA)," which is issued monthly, and the "Cumulative List of Parts Affecte which appears in the Reader Aids section of the daily Federal Register. Th two lists will identify the Federal Register page number of the latest ame ment of any given rule. EFFECTIVE AND EXPIRATION DATES Each volume of the Code contains amendments published in the Federal R ister since the last revision of that volume of the Code. Source citations for regulations are referred to by volume number and page number of the Fede Register and date of publication. Publication dates and effective dates are us ly not the same and care must be exercised by the user in determining actual effective date. In instances where the effective date is beyond the cut date for the Code a note has been inserted to reflect the future effective d In those instances where a regulation published in the Federal Register state date certain for expiration, an appropriate note will be inserted following the text. OMB CONTROL NUMBERS The Paperwork Reduction Act of 1980 (Pub. L. 96-511) requires Federal agencies to display an OMB control number with their information collection request. Many agencies have begun publishing numerous OMB control numbers as amendments to existing regulations in the CFR. These OMB numbers are placed as close as possible to the applicable recordkeeping or reporting requirements. OBSOLETE PROVISIONS Provisions that become obsolete before the revision date stated on the cover of each volume are not carried. Code users may find the text of provisions in effect on a given date in the past by using the appropriate numerical list of sections affected. For the period before January 1, 1973, consult either the List of CFR Sections Affected, 1949-1963, or 1964-1972, published in three separate volumes. For the period beginning January 1, 1973, a "List of CFR Sections Affected" is published at the end of each CFR volume. CFR INDEXES AND TABULAR GUIDES A subject index to the Code of Federal Regulations is contained in a separate volume, revised annually as of January 1, entitled CFR INDEX AND FINDING AIDS. This volume contains the Parallel Table of Statutory Authorities and Agency Rules (Table I), and Acts Requiring Publication in the Federal Register (Table III). A list of CFR Titles, Chapters, and Parts and an alphabetical list of agencies publishing in the CFR are also included in this volume. An index to the text of "Title 3-The President" is carried within that volume. The Federal Register Index is issued monthly in cumulative form. This index is based on a consolidation of the "Contents" entries in the daily Federal Register. A List of CFR Sections Affected (LSA) is published monthly, keyed to the revision dates of the 50 CFR titles. REPUBLICATION OF MATERIAL There are no restrictions on the republication of material appearing in the Code of Federal Regulations. INQUIRIES AND SALES For a summary, legal interpretation, or other explanation of any regulation in this volume, contact the issuing agency. Inquiries concerning editing procedures and reference assistance with respect to the Code of Federal Regulations may be addressed to the Director, Office of the Federal Register, National Archives and Records Administration, Washington, D.C. 20408 (telephone 202-523-3517). Sales are handled exclusively by the Superintendent of Documents, Government Printing Office, Washington, D.C. 20402 (telephone 202-783-3238). JOHN E. BYRNE, January 2, 1986 Director, Office of the Federal Register. THIS TITLE Title 12-BANKS AND BANKING is composed of four volumes. The parts in these volumes are arranged in the following order: Parts 1-199, 200-299, 300-499, and 500-End. The first volume contains Parts 1-199, the current regulations issued by the Comptroller of the Currency (Department of the Treasury). The second volume contains Parts 200-299, the current regulations issued by the Federal Reserve System. The third volume contains Parts 300-499, the current regulations issued by the Federal Deposit Insurance Corporation and the ExportImport Bank of the United States. The fourth volume contains Part 500 to End, the current regulations issued by the Federal Home Loan Bank Board, the Farm Credit Administration, the National Credit Union Administration, the Federal Financing Bank, the Federal Financial Institutions Examination Council, and the Depository Institutions Deregulation Committee. The contents of these volumes represent all of the current regulations codified under this title of the CFR as of January 1, 1986. For this volume Doris M. O'Keefe was Chief Editor. The Code of Federal Regulations publication program is under the direction of Martha B. Girard, assisted by Robert E. Jordan. |