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.
