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FED ER AL R ESER VE B A N K OF D A L L A S
D ALLAS. TEXAS

February 8,1961

REPRINT OF REGULATION M

To All Member Banks in the
Eleventh Federal Reserve District:
Enclosed is a copy of Regulation M, issued by the Board
of Governors of the Federal Reserve System, which has been
reprinted to conform with the style of the Code of the Federal
Regulations.
Member banks are requested to insert this reprint of the
Regulation in their ring binders containing the Regulations of
the Board of Governors and the Bulletins of this bank.
Yours very truly,
Watrous H. Irons
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

BOARD OF GOVERNORS

of the
FEDERAL RESERVE SYSTEM

FOREIGN BRANCHES OF NATIONAL BANKS
AND OF CORPORATIONS ORGANIZED
UNDER THE PROVISIONS OF SECTION
2 5 (a ) OF THE FEDERAL RESERVE
ACT

REGULATION M
(12 C F R 2 1 3 )

As effective August 14, 1937

Print o f O ctober 1960

INQUIRIES REGARDING THIS REGULATION

Any inquiry relating to this regulation should be addressed to the
Federal Reserve Bank of the district in which the inquiry arises.

REGULATION M
(12 C F R 213)
Effective August 14, 1937

FOREIGN BRANCHES OF NATIONAL BANKS AND OF
CORPORATIONS ORGANIZED UNDER THE PRO­
VISIONS OF SECTION 2 5 (a ) OF THE
FEDERAL RESERVE ACT*
SECTION 213.1—SUSPENSION OF O PERATIONS D U R IN G
D ISTU RBED CO N D ITIO N S

Whenever a national bank, pursuant to the provisions of section 25
of the Federal Reserve Act, as amended, or a corporation organized
under section 25(a) of the Federal Reserve Act, as amended, has
established a branch or agency in any place in any foreign country,
and there exists in such place a disturbed condition which, in the
opinion of the officer in charge of such branch or agency at the time,
endangers the lives of its employees or the property of such branch
or agency at such place, or for any other reason beyond the control
of the branch or agency and which relates to such disturbed condition
renders it impractical for such branch or agency to continue to func­
tion, he may, after every effort has been made to render the greatest
possible service to the depositors of the branch or agency, suspend the
operations of such branch or agency in whole or in part until the reason
for such suspension has ceased to exist and until, in the judgment of
such officer in charge, the branch or agency may safely be reopened
and its operations resumed; but in the meantime in so far as possible
every effort shall be made to render service to the depositors of the
branch or agency. In all cases of such suspension and resumption of
operations the facts shall be reported as soon as possible by such officer
in charge of such branch or agency to the head office of such national
bank or corporation which shall immediately transmit a copy of such
report to the Federal Reserve bank of the district in which such head
office is located.
* The text corresponds to the Code of Federal Regrulations, Title 12, Chapter II, Part 213;
cited as 12 CFR 213.

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