907.5—Regulatory Interpretations.

(a) Authority. Finance Board staff, in its discretion, may issue a Regulatory Interpretation to a Bank, a Member, an official of a Bank or Member, the Office of Finance, or any other entity or person, providing guidance with respect to application of the Act or a Finance Board rule, regulation, policy, or order to a proposed transaction or activity. The Board of Directors may modify or supersede a Regulatory Interpretation.

(b) Requests. A Bank, a Member, an official of a Bank or Member, the Office of Finance, or any other entity or person may request a Regulatory Interpretation in accordance with § 907.6.

Code of Federal Regulations

[64 FR 30883, June 9, 1999, as amended at 65 FR 8257, Feb. 18, 2000]

CFR

907.5—Regulatory Interpretations.

Code of Federal Regulations