---
kind: "section"
citation: "12 C.F.R. § 208.20"
title: "12"
number: "208.20"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/208.20"
---

# §208.20. Authority, purpose, and scope.

- (a) **Authority.** [Subpart B](/cfr/12/subpartB.md) of Regulation H ([12 CFR part 208](/cfr/12/part208.md), [subpart B](/cfr/12/subpartB.md)) is issued by the Board of Governors of the Federal Reserve System under [12 U.S.C. 24](/usc/12/24.md); sections 9, 11 and 21 of the Federal Reserve Act (12 U.S.C. [321-338a](/usc/12/321-338a.md), [248(a)](/usc/12/248.md?p=a), [248(c)](/usc/12/248.md?p=c), and [481-486](/usc/12/481-486.md)); sections 1814, 1816, 1818, 1823(j), 1831o, 1831p-1 and 1831r-1 of the FDI Act (12 U.S.C. [1814](/usc/12/1814.md), [1816](/usc/12/1816.md), [1818](/usc/12/1818.md), [1823(j)](/usc/12/1823.md?p=j), [1831o](/usc/12/1831o.md), [1831p-1](/usc/12/1831p-1.md) and [1831r-1](/usc/12/1831r-1.md)); and the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended ([42 U.S.C. 4001-4129](/usc/42/4001-4129.md)).
- (b) **Purpose and scope.** This subpart B describes certain investment limitations on member banks, statutory requirements for amortizing losses on agricultural loans and extending credit in areas having special flood hazards, as well as the requirements for issuing letters of credit and acceptances.

## Notes

### Source

Source: 63 FR 37641, July 13, 1998, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 24, 36, 92a, 93a, 248(a), 248(c), 321-338a, 371d, 461, 481-486, 601, 611, 1814, 1816, 1817(a)(3), 1817(a)(12), 1818, 1820(d)(9), 1833(j), 1828(o), 1831, 1831o, 1831p-1, 1831r-1, 1831w, 1831x, 1835a, 1882, 2901-2907, 3105, 3310, 3331-3351, 3905-3909, 5371, and 5371 note; 15 U.S.C. 78b, 78I(b), 78 l (i), 780-4(c)(5), 78q, 78q-1, 78w, 1681s, 1681w, 6801, and 6805; 31 U.S.C. 5318; 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128.

### Source

Source: Reg. H, 17 FR 8006, Sept. 4, 1952, unless otherwise noted.