Title 12

Volume 10 CHAPTER XII SUBCHAP B

Subchapter B - Entity Regulations

12:10.0.2.2.16PART 1221
PART 1221 - MARGIN AND CAPITAL REQUIREMENTS FOR COVERED SWAP ENTITIES
12:10.0.2.2.16.0.1.1SECTION 1221.1
     1221.1 Authority, purpose, scope, exemptions and compliance dates.
12:10.0.2.2.16.0.1.2SECTION 1221.2
     1221.2 Definitions.
12:10.0.2.2.16.0.1.3SECTION 1221.3
     1221.3 Initial margin.
12:10.0.2.2.16.0.1.4SECTION 1221.4
     1221.4 Variation margin.
12:10.0.2.2.16.0.1.5SECTION 1221.5
     1221.5 Netting arrangements, minimum transfer amount, and satisfaction of collecting and posting requirements.
12:10.0.2.2.16.0.1.6SECTION 1221.6
     1221.6 Eligible collateral.
12:10.0.2.2.16.0.1.7SECTION 1221.7
     1221.7 Segregation of collateral.
12:10.0.2.2.16.0.1.8SECTION 1221.8
     1221.8 Initial margin models and standardized amounts.
12:10.0.2.2.16.0.1.9SECTION 1221.9
     1221.9 Cross-border application of margin requirements.
12:10.0.2.2.16.0.1.10SECTION 1221.10
     1221.10 Documentation of margin matters.
12:10.0.2.2.16.0.1.11SECTION 1221.11
     1221.11 Special rules for affiliates.
12:10.0.2.2.16.0.1.12SECTION 1221.12
     1221.12 Capital.
12:10.0.2.2.16.0.1.13.3APPENDIX Appendix A
  Appendix A to Part 1221 - Standardized Minimum Initial Margin Requirements for Non-cleared Swaps and Non - cleared Security-based Swaps
12:10.0.2.2.16.0.1.13.4APPENDIX Appendix B
  Appendix B to Part 1221 - Margin Values for Eligible Noncash Margin Collateral.
12:10.0.2.2.17PART 1222
PART 1222 - APPRAISALS
12:10.0.2.2.17.1SUBPART A
Subpart A - Requirements for Higher-Priced Mortgage Loans
12:10.0.2.2.17.1.1.1SECTION 1222.1
     1222.1 Purpose and scope.
12:10.0.2.2.17.1.1.2SECTION 1222.2
     1222.2 Reservation of authority.
12:10.0.2.2.17.2SUBPART B
Subpart B - Appraisal Management Company Minimum Requirements
12:10.0.2.2.17.2.1.1SECTION 1222.20
     1222.20 Authority, purpose, and scope.
12:10.0.2.2.17.2.1.2SECTION 1222.21
     1222.21 Definitions.
12:10.0.2.2.17.2.1.3SECTION 1222.22
     1222.22 Appraiser panel - annual size calculation.
12:10.0.2.2.17.2.1.4SECTION 1222.23
     1222.23 Appraisal management company registration.
12:10.0.2.2.17.2.1.5SECTION 1222.24
     1222.24 Ownership limitations for State-registered appraisal management companies.
12:10.0.2.2.17.2.1.6SECTION 1222.25
     1222.25 Requirements for Federally regulated appraisal management companies.
12:10.0.2.2.17.2.1.7SECTION 1222.26
     1222.26 Information to be presented to the Appraisal Subcommittee by participating States.
12:10.0.2.2.18PART 1223
PART 1223 - MINORITY AND WOMEN INCLUSION
12:10.0.2.2.18.1SUBPART A
Subpart A - General
12:10.0.2.2.18.1.1.1SECTION 1223.1
     1223.1 Definitions.
12:10.0.2.2.18.1.1.2SECTION 1223.2
     1223.2 Policy, purpose, and scope.
12:10.0.2.2.18.1.1.3SECTION 1223.3
     1223.3 Limitations.
12:10.0.2.2.18.1.1.4SECTION 1223.4-1223.9
     1223.4-1223.9 [Reserved]
12:10.0.2.2.18.2SUBPART B
Subpart B [Reserved]
12:10.0.2.2.18.3SUBPART C
Subpart C - Minority and Women Inclusion and Diversity at Regulated Entities
12:10.0.2.2.18.3.1.1SECTION 1223.20
     1223.20 Office of Minority and Women Inclusion.
12:10.0.2.2.18.3.1.2SECTION 1223.21
     1223.21 Promoting diversity and ensuring inclusion in all business and activities.
12:10.0.2.2.18.3.1.3SECTION 1223.22
     1223.22 Regulated entity reports.
12:10.0.2.2.18.3.1.4SECTION 1223.23
     1223.23 Annual reports - format and contents.
12:10.0.2.2.18.3.1.5SECTION 1223.24
     1223.24 Enforcement.
12:10.0.2.2.18.3.1.6SECTION 1223.25
     1223.25 Office of Finance.
12:10.0.2.2.18.4SUBPART C
Subparts C-Z [Reserved]
12:10.0.2.2.19PART 1225
PART 1225 - MINIMUM CAPITAL - TEMPORARY INCREASE
12:10.0.2.2.19.0.1.1SECTION 1225.1
     1225.1 Purpose.
12:10.0.2.2.19.0.1.2SECTION 1225.2
     1225.2 Definitions.
12:10.0.2.2.19.0.1.3SECTION 1225.3
     1225.3 Procedures.
12:10.0.2.2.19.0.1.4SECTION 1225.4
     1225.4 Standards and factors.
12:10.0.2.2.19.0.1.5SECTION 1225.5
     1225.5 Guidances.
12:10.0.2.2.20PART 1227
PART 1227 - SUSPENDED COUNTERPARTY PROGRAM
12:10.0.2.2.20.1SUBPART A
Subpart A - General
12:10.0.2.2.20.1.1.1SECTION 1227.1
     1227.1 Purpose.
12:10.0.2.2.20.1.1.2SECTION 1227.2
     1227.2 Definitions.
12:10.0.2.2.20.1.1.3SECTION 1227.3
     1227.3 Scope of suspension orders.
12:10.0.2.2.20.1.1.4SECTION 1227.4
     1227.4 Regulated entity reports on covered misconduct.
12:10.0.2.2.20.1.1.5SECTION 1227.5
     1227.5 Proposed suspension order.
12:10.0.2.2.20.1.1.6SECTION 1227.6
     1227.6 Final suspension order.
12:10.0.2.2.20.1.1.7SECTION 1227.7
     1227.7 Appeal to the Director.
12:10.0.2.2.20.1.1.8SECTION 1227.8
     1227.8 Posting of final suspension orders.
12:10.0.2.2.20.1.1.9SECTION 1227.9
     1227.9 Request for reconsideration.
12:10.0.2.2.20.1.1.10SECTION 1227.10
     1227.10 Exception to final suspension order in effect.
12:10.0.2.2.20.2SUBPART B
Subpart B [Reserved]
12:10.0.2.2.21PART 1228
PART 1228 - RESTRICTIONS ON THE ACQUISITION OF, OR TAKING SECURITY INTERESTS IN, MORTGAGES ON PROPERTIES ENCUMBERED BY CERTAIN PRIVATE TRANSFER FEE COVENANTS AND RELATED SECURITIES
12:10.0.2.2.21.0.1.1SECTION 1228.1
     1228.1 Definitions.
12:10.0.2.2.21.0.1.2SECTION 1228.2
     1228.2 Restrictions.
12:10.0.2.2.21.0.1.3SECTION 1228.3
     1228.3 Prospective application and effective date.
12:10.0.2.2.21.0.1.4SECTION 1228.4
     1228.4 State restrictions unaffected.
12:10.0.2.2.22PART 1229
PART 1229 - CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION
12:10.0.2.2.22.1SUBPART A
Subpart A - Federal Home Loan Banks
12:10.0.2.2.22.1.1.1SECTION 1229.1
     1229.1 Definitions.
12:10.0.2.2.22.1.1.2SECTION 1229.2
     1229.2 Determination of a Bank's capital classification.
12:10.0.2.2.22.1.1.3SECTION 1229.3
     1229.3 Criteria for a Bank's capital classification.
12:10.0.2.2.22.1.1.4SECTION 1229.4
     1229.4 Reclassification by the Director.
12:10.0.2.2.22.1.1.5SECTION 1229.5
     1229.5 Capital distributions for adequately capitalized Banks.
12:10.0.2.2.22.1.1.6SECTION 1229.6
     1229.6 Mandatory actions applicable to undercapitalized Banks.
12:10.0.2.2.22.1.1.7SECTION 1229.7
     1229.7 Discretionary actions applicable to undercapitalized Banks.
12:10.0.2.2.22.1.1.8SECTION 1229.8
     1229.8 Mandatory actions applicable to significantly undercapitalized Banks.
12:10.0.2.2.22.1.1.9SECTION 1229.9
     1229.9 Discretionary actions applicable to significantly undercapitalized Banks.
12:10.0.2.2.22.1.1.10SECTION 1229.10
     1229.10 Actions applicable to critically undercapitalized Banks.
12:10.0.2.2.22.1.1.11SECTION 1229.11
     1229.11 Capital restoration plans.
12:10.0.2.2.22.1.1.12SECTION 1229.12
     1229.12 Procedures related to capital classification and other actions.
12:10.0.2.2.22.2SUBPART B
Subpart B - Enterprises
12:10.0.2.2.22.2.1.1SECTION 1229.13
     1229.13 Definitions.
12:10.0.2.2.23PART 1230
PART 1230 - EXECUTIVE COMPENSATION
12:10.0.2.2.23.0.1.1SECTION 1230.1
     1230.1 Purpose.
12:10.0.2.2.23.0.1.2SECTION 1230.2
     1230.2 Definitions.
12:10.0.2.2.23.0.1.3SECTION 1230.3
     1230.3 Prohibition and withholding of executive compensation.
12:10.0.2.2.23.0.1.4SECTION 1230.4
     1230.4 Prior approval of termination agreements of Enterprises.
12:10.0.2.2.23.0.1.5SECTION 1230.5
     1230.5 Submission of supporting information.
12:10.0.2.2.24PART 1231
PART 1231 - GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS
12:10.0.2.2.24.0.1.1SECTION 1231.1
     1231.1 Purpose.
12:10.0.2.2.24.0.1.2SECTION 1231.2
     1231.2 Definitions.
12:10.0.2.2.24.0.1.3SECTION 1231.3
     1231.3 Golden parachute payments and agreements.
12:10.0.2.2.24.0.1.4SECTION 1231.4
     1231.4 Indemnification payments.
12:10.0.2.2.24.0.1.5SECTION 1231.5
     1231.5 Applicability in the event of receivership.
12:10.0.2.2.24.0.1.6SECTION 1231.6
     1231.6 Filing instructions.
12:10.0.2.2.25PART 1233
PART 1233 - REPORTING OF FRAUDULENT FINANCIAL INSTRUMENTS
12:10.0.2.2.25.0.1.1SECTION 1233.1
     1233.1 Purpose.
12:10.0.2.2.25.0.1.2SECTION 1233.2
     1233.2 Definitions.
12:10.0.2.2.25.0.1.3SECTION 1233.3
     1233.3 Reporting.
12:10.0.2.2.25.0.1.4SECTION 1233.4
     1233.4 Internal controls, policies, procedures, and training.
12:10.0.2.2.25.0.1.5SECTION 1233.5
     1233.5 Protection from liability for reports.
12:10.0.2.2.25.0.1.6SECTION 1233.6
     1233.6 Supervisory action.
12:10.0.2.2.26PART 1234
PART 1234 - CREDIT RISK RETENTION
12:10.0.2.2.26.1SUBPART A
Subpart A - Authority, Purpose, Scope and Definitions
12:10.0.2.2.26.1.1.1SECTION 1234.1
     1234.1 Purpose, scope and reservation of authority.
12:10.0.2.2.26.1.1.2SECTION 1234.2
     1234.2 Definitions.
12:10.0.2.2.26.2SUBPART B
Subpart B - Credit Risk Retention
12:10.0.2.2.26.2.1.1SECTION 1234.3
     1234.3 Base risk retention requirement.
12:10.0.2.2.26.2.1.2SECTION 1234.4
     1234.4 Standard risk retention.
12:10.0.2.2.26.2.1.3SECTION 1234.5
     1234.5 Revolving pool securitizations.
12:10.0.2.2.26.2.1.4SECTION 1234.6
     1234.6 Eligible ABCP conduits.
12:10.0.2.2.26.2.1.5SECTION 1234.7
     1234.7 Commercial mortgage-backed securities.
12:10.0.2.2.26.2.1.6SECTION 1234.8
     1234.8 Federal National Mortgage Association and Federal Home Loan Mortgage Corporation ABS.
12:10.0.2.2.26.2.1.7SECTION 1234.9
     1234.9 Open market CLOs.
12:10.0.2.2.26.2.1.8SECTION 1234.10
     1234.10 Qualified tender option bonds.
12:10.0.2.2.26.3SUBPART C
Subpart C - Transfer of Risk Retention
12:10.0.2.2.26.3.1.1SECTION 1234.11
     1234.11 Allocation of risk retention to an originator.
12:10.0.2.2.26.3.1.2SECTION 1234.12
     1234.12 Hedging, transfer and financing prohibitions.
12:10.0.2.2.26.4SUBPART D
Subpart D - Exceptions and Exemptions
12:10.0.2.2.26.4.1.1SECTION 1234.13
     1234.13 Exemption for qualified residential mortgages.
12:10.0.2.2.26.4.1.2SECTION 1234.14
     1234.14 Definitions applicable to qualifying commercial real estate loans.
12:10.0.2.2.26.4.1.3SECTION 1234.15
     1234.15 Qualifying commercial real estate loans.
12:10.0.2.2.26.4.1.4SECTION 1234.16
     1234.16 [Reserved]
12:10.0.2.2.26.4.1.5SECTION 1234.17
     1234.17 Underwriting standards for qualifying CRE loans.
12:10.0.2.2.26.4.1.6SECTION 1234.18
     1234.18 [Reserved]
12:10.0.2.2.26.4.1.7SECTION 1234.19
     1234.19 General exemptions.
12:10.0.2.2.26.4.1.8SECTION 1234.20
     1234.20 Safe harbor for certain foreign-related transactions.
12:10.0.2.2.26.4.1.9SECTION 1234.21
     1234.21 Additional exemptions.
12:10.0.2.2.26.4.1.10SECTION 1234.22
     1234.22 Periodic review of the QRM definition, exempted three-to-four unit residential mortgage loans, and community-focused residential mortgage exemption
12:10.0.2.2.27PART 1235
PART 1235 - RECORD RETENTION FOR REGULATED ENTITIES AND OFFICE OF FINANCE
12:10.0.2.2.27.0.1.1SECTION 1235.1
     1235.1 Purpose and scope.
12:10.0.2.2.27.0.1.2SECTION 1235.2
     1235.2 Definitions.
12:10.0.2.2.27.0.1.3SECTION 1235.3
     1235.3 Establishment and evaluation of a record retention program.
12:10.0.2.2.27.0.1.4SECTION 1235.4
     1235.4 Minimum requirements of a record retention program.
12:10.0.2.2.27.0.1.5SECTION 1235.5
     1235.5 Record hold.
12:10.0.2.2.27.0.1.6SECTION 1235.6
     1235.6 Access to records.
12:10.0.2.2.27.0.1.7SECTION 1235.7
     1235.7 Supervisory action.
12:10.0.2.2.28PART 1236
PART 1236 - PRUDENTIAL MANAGEMENT AND OPERATIONS STANDARDS
12:10.0.2.2.28.0.1.1SECTION 1236.1
     1236.1 Purpose.
12:10.0.2.2.28.0.1.2SECTION 1236.2
     1236.2 Definitions.
12:10.0.2.2.28.0.1.3SECTION 1236.3
     1236.3 Prudential standards as guidelines.
12:10.0.2.2.28.0.1.4SECTION 1236.4
     1236.4 Failure to meet a standard; corrective plans.
12:10.0.2.2.28.0.1.5SECTION 1236.5
     1236.5 Failure to submit a corrective plan; noncompliance.
12:10.0.2.2.28.0.1.6.5APPENDIX
  Appendix to Part 1236 - Prudential Management and Operations Standards
12:10.0.2.2.29PART 1237
PART 1237 - CONSERVATORSHIP AND RECEIVERSHIP
12:10.0.2.2.29.0.1.1SECTION 1237.1
     1237.1 Purpose and applicability.
12:10.0.2.2.29.0.1.2SECTION 1237.2
     1237.2 Definitions.
12:10.0.2.2.29.1SUBPART A
Subpart A - Powers
12:10.0.2.2.29.1.1.1SECTION 1237.3
     1237.3 Powers of the Agency as conservator or receiver.
12:10.0.2.2.29.1.1.2SECTION 1237.4
     1237.4 Receivership following conservatorship; administrative expenses.
12:10.0.2.2.29.1.1.3SECTION 1237.5
     1237.5 Contracts entered into before appointment of a conservator or receiver.
12:10.0.2.2.29.1.1.4SECTION 1237.6
     1237.6 Authority to enforce contracts.
12:10.0.2.2.29.2SUBPART B
Subpart B - Claims
12:10.0.2.2.29.2.1.1SECTION 1237.7
     1237.7 Period for determination of claims.
12:10.0.2.2.29.2.1.2SECTION 1237.8
     1237.8 Alternate procedures for determination of claims.
12:10.0.2.2.29.2.1.3SECTION 1237.9
     1237.9 Priority of expenses and unsecured claims.
12:10.0.2.2.29.3SUBPART C
Subpart C - Limited-Life Regulated Entities
12:10.0.2.2.29.3.1.1SECTION 1237.10
     1237.10 Limited-life regulated entities.
12:10.0.2.2.29.3.1.2SECTION 1237.11
     1237.11 Authority of limited-life regulated entities to obtain credit.
12:10.0.2.2.29.4SUBPART D
Subpart D - Other
12:10.0.2.2.29.4.1.1SECTION 1237.12
     1237.12 Capital distributions while in conservatorship.
12:10.0.2.2.29.4.1.2SECTION 1237.13
     1237.13 Payment of Securities Litigation Claims while in conservatorship.
12:10.0.2.2.29.4.1.3SECTION 1237.14
     1237.14 Golden parachute payments [Reserved]
12:10.0.2.2.30PART 1238
PART 1238 - STRESS TESTING OF REGULATED ENTITIES
12:10.0.2.2.30.0.1.1SECTION 1238.1
     1238.1 Authority and purpose.
12:10.0.2.2.30.0.1.2SECTION 1238.2
     1238.2 Definitions.
12:10.0.2.2.30.0.1.3SECTION 1238.3
     1238.3 Annual stress test.
12:10.0.2.2.30.0.1.4SECTION 1238.4
     1238.4 Methodologies and practices.
12:10.0.2.2.30.0.1.5SECTION 1238.5
     1238.5 Required report to FHFA and FRB of stress test results and related information.
12:10.0.2.2.30.0.1.6SECTION 1238.6
     1238.6 Post-assessment actions by the Enterprises.
12:10.0.2.2.30.0.1.7SECTION 1238.7
     1238.7 Publication of results by regulated entities.
12:10.0.2.2.30.0.1.8SECTION 1238.8
     1238.8 Additional implementing action.
12:10.0.2.2.31PART 1239
PART 1239 - RESPONSIBILITIES OF BOARDS OF DIRECTORS, CORPORATE PRACTICES, AND CORPORATE GOVERNANCE
12:10.0.2.2.31.1SUBPART A
Subpart A - General
12:10.0.2.2.31.1.1.1SECTION 1239.1
     1239.1 Purpose.
12:10.0.2.2.31.1.1.2SECTION 1239.2
     1239.2 Definitions.
12:10.0.2.2.31.2SUBPART B
Subpart B - Corporate Practices and Procedures Applicable to All Regulated Entities
12:10.0.2.2.31.2.1.1SECTION 1239.3
     1239.3 Law applicable to corporate governance and indemnification practices.
12:10.0.2.2.31.2.1.2SECTION 1239.4
     1239.4 Duties and responsibilities of directors.
12:10.0.2.2.31.2.1.3SECTION 1239.5
     1239.5 Board committees.
12:10.0.2.2.31.3SUBPART C
Subpart C - Other Requirements Applicable to All Regulated Entities
12:10.0.2.2.31.3.1.1SECTION 1239.10
     1239.10 Code of conduct and ethics.
12:10.0.2.2.31.3.1.2SECTION 1239.11
     1239.11 Risk management.
12:10.0.2.2.31.3.1.3SECTION 1239.12
     1239.12 Compliance program.
12:10.0.2.2.31.3.1.4SECTION 1239.13
     1239.13 Regulatory reports.
12:10.0.2.2.31.3.1.5SECTION 1239.14
     1239.14 Strategic business plan.
12:10.0.2.2.31.4SUBPART D
Subpart D - Enterprise Specific Requirements
12:10.0.2.2.31.4.1.1SECTION 1239.20
     1239.20 Board of directors of the Enterprises.
12:10.0.2.2.31.4.1.2SECTION 1239.21
     1239.21 Compensation of Enterprise board members.
12:10.0.2.2.31.5SUBPART E
Subpart E - Bank Specific Requirements
12:10.0.2.2.31.5.1.1SECTION 1239.30
     1239.30 Bank member products policy.
12:10.0.2.2.31.5.1.2SECTION 1239.31
     1239.31
12:10.0.2.2.31.5.1.3SECTION 1239.32
     1239.32 Audit committee.
12:10.0.2.2.31.5.1.4SECTION 1239.33
     1239.33 Dividends.