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FE D E R A L R E SE R V E BANK O F N E W YORK No 7 8 8 8 June 1, 1976 ECircular ] Rules Regarding Delegation of Authority J?aw&.y, awe? w Di-yfnc?.* Enclosed is a copy of an amendment, electiv e May 10, 1976, to the Rules R egarding Delegation of A uthority of the Board of Governors of the Federal Reserve System. The amendment delegates to the D irector of the Division of Banking Supervision and Regulation the authority to w ithdraw or cancel by order the tran sfer agent registration of a State member bank or a bank holding company. Additional copies of the enclosure will be furnished upon request. PAUL A. V OLCKER, Board of Governors of the Federal Reserve System RULES REGARDING DELEGATION OF AUTHORITY AM ENDM ENT Effective May 10, 1976, subparagraph (18) is added to paragraph (c) of section 265.2 to read as follows: SECTION 265.2—SPECIFIC FUNCTIONS DELEGATED TO BOARD EMPLOYEES AND TO FEDERAL RESERVE BANKS (c) The Director of the Division of Bank ing Supervision and Regulation (or in his ab sence, the Acting Director) is authorized: (18) Under the provisions of section 17A(c) (3) (C) of the Securities Exchange Act of 1934, as amended, (15 U.S.C. §78q-l(c) (3 )(C )) to withdraw or cancel the transfer agent registration of a member State bank or a subsidiary thereof, a bank holding company, or a subsidiary bank of a bank holding company that is a bank as defined in section 3 (a)(6 ) of the Act (other than a bank specified in clause (i) or (iii) of section 3(a) (34) (B) of the Act (15 U.S.C. §78c(3) (a) (3 4 (B ))) that has filed a written notice of withdrawal with the Board or upon a finding that such transfer agent is no longer in existence or has ceased to do business as a transfer agent. For this Regulation to be complete, retain: 1) Printed pamphlet, as amended effective September 30, 1975. 2) Amendment effective November 7, 1975 (§265.2). 3) Amendments effective December 31, 1975 (§265.2). 4) Amendments effective April 2, 1976 (§§265.1a, 265.2). 5) This slip sheet. [Enc. C!r No. 7888]
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