Supervisory Policy and Guidance Topics
Affiliate Transactions (Regulation W)
Section 23A of the Federal Reserve Act (12 USC 371c) is the primary statute governing transactions between a bank and its affiliates. Section 23A (1) designates the types of companies that are affiliates of a bank; (2) specifies the types of transactions covered by the statute; (3) sets the quantitative limitations on a bank’s covered transactions with any single affiliate, and with all affiliates combined; and (4) sets forth collateral requirements for certain bank transactions with affiliates.
Policy LettersAffiliate Transactions (Regulation W)
Addendum to the Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
Interagency Policy on Banks/Thrifts Providing Financial Support to Funds Advised by the Banking Organization
Adoption of Regulation W Implementing Sections 23A and 23B of the Federal Reserve Act
Section 20 subsidiaries--Impact on Inspections Resulting from the Replacement of "Firewalls" with Operating Standards
- Federal Reserve Legal Interpretations (Federal Reserve Act)
- FR Y-8: BHC Report of Insured Depository Institutions' Section 23A Transactions with Affiliates
- Regulation W
- Bank Holding Company Supervision Manual (Sections 2020.0 – 2020.7 and 2020.9)
- Section 2020.0, "Intercompany Transactions–Introduction"
- Section 2020.1, "Intercompany Transactions (Transactions Between Member Banks and Their Affiliates–Sections 23A and 23B of the Federal Reserve Act)"
- Commercial Bank Examination Manual
- Section 4050.1, "Transactions Between Member Banks and Their Affiliates"
- Section 4052.1, "Bank-Related Organizations"