Skip to Content

Translate | Disclaimer

Department of Financial Services logo

Wild Card Approvals

Return to main Regulations page

List of Actions Taken Under Section 12-a of the Banking Law

Subject Power Granted Date Approved Application? Date Received Applicant Applies to Need BD Approval? Procedure Letter?
Institution Type: Banks & Trust Companies

Branching

Capital

Repurchase of common stock 2/7/2008
see resolution
No
NYBL §12-a (4)
n/a n/a All Insts Yes Yes
see letter

Corporate Governance/Structure

Lending

Special lending arrangements for emergency situations 9/25/2008
see resolution
No
NYBL §12-a (4)
n/a n/a All Insts Yes No

Fiduciary Activities

Administration of common trust funds and commingled investment funds 6/11/2008
see resolution
No
NYBL §12-a (4)
n/a n/a The Bank of New York No No

Securities Activities

Insurance Activities

Investments

BSA/AML

CRA and Fair Lending

Consumer Compliance

Other Activities

Institution Type: Private Bankers
Institution Type: Foreign Banking Corporations
Institution Type: Savings Banks and S&Ls
Institution Type: Credit Unions

N.B. All wild card powers granted by the Banking Board pursuant to former Sections 14-g and 14-h of the Banking Law remain in effect. (BL §12-a(9).) Such powers may be found in Part 6 of the General Regulations of the Banking Board.

About DFS

Contact DFS

Reports & Publications

Licensing

Connect With DFS

DFS Facebook page

Follow NYDFS on Twitter

AccessibilityContact UsDisclaimerPrivacy PolicySite MapPDF Reader Software