REGULATION W
A Federal Reserve regulation that established terms for transactions between banks and their affiliates. Regulation W was enacted by Congress as part of the Federal Reserve Act and applies to all federally-insured depository institutions.
Regulation W requires that transactions between member banks meet certain stipulations, such as:
- Credit extended to an affiliate bank must be secured
- Transactions with any one affiliate total no more than 10% of an institution's capital
- Transactions to all affiliates total no more than 20% of an institution's capital
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