Legal Interpretations
Federal Reserve Act - 2003 Letters
December 29, 2003
Letter to HSBC Bank USA, Buffalo, New York, granting an exemption from the quantitative limits of section 23A of the Federal Reserve Act, 12 USC 371c, in order that Bank may purchase certain mortgages from its affiliate. Household International, Inc., Prospect Heights, Illinois.
December 22, 2003
Letter to First Alliance Bank, Jacksonville, Florida, granting an exemption from the quantitative limits of section 23A of the Federal Reserve Act, 12 USC 371c, in order that Bank may acquire AMC Acquisition, Inc. from Alliance Capital Partnership, L.P., Wilmington, Delaware.
November 19, 2003
Letter to Bank of Wausau, Wausau, Wisconsin, granting an exemption from the quantitative limits of section 23A of the Federal Reserve Act, 12 USC 371c, in order that the Bank may purchase its premises from an affiliate.
August 14, 2003
Letter to Valley Independent Bank, El Centro, California granting an exemption from the quantitative limits of section 23A of the Federal Reserve Act, 12 U.S.C. 371c, in order that the Bank may purchase certain loans from the New York branch of Cooperative Central Raiffeisen-Boerenleenbank, B.A., Utrecht, The Netherlands, an affiliate of Bank.
February 27, 2003
Letter to Citigroup, Inc., granting Citibank (West), FSB, San Francisco, California, an exemption from the quantitative limits of section 23A of the Federal Reserve Act, 12 U.S.C. 371c, in order that Citibank may acquire CitiMortgage, Inc., St. Louis, Missouri from Citigroup.