---
kind: "section"
citation: "12 C.F.R. § 208.30"
title: "12"
number: "208.30"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/208.30"
---

# §208.30. Authority, purpose, and scope.

- (a) **Authority.** [Subpart C](/cfr/12/subpartC.md) of Regulation H ([12 CFR part 208](/cfr/12/part208.md), [subpart C](/cfr/12/subpartC.md)) is issued by the Board of Governors of the Federal Reserve System under 12 U.S.C. [24](/usc/12/24.md), [92a](/usc/12/92a.md), [93a](/usc/12/93a.md); sections 1818 and 1831p-1(a)(2) of the FDI Act (12 U.S.C. [1818](/usc/12/1818.md), [1831p-1(a)(2)](/usc/12/1831p-1.md?p=a-2)); and sections 78b, 78l(b), 78l(g), 78l(i), 78o-4(c)(5), 78o-5, 78q, 78q-1, and 78w of the Securities Exchange Act of 1934 (15 U.S.C. [78b](/usc/15/78b.md), [78l(b)](/usc/15/78l.md?p=b), [78l(g)](/usc/15/78l.md?p=g), [78l(i)](/usc/15/78l.md?p=i), [78o-4(c)(5)](/usc/15/78o-4.md?p=c-5), [78o-5](/usc/15/78o-5.md), [78q](/usc/15/78q.md), [78q-1](/usc/15/78q-1.md), [78w](/usc/15/78w.md)).
- (b) **Purpose and scope.** This subpart C describes the requirements imposed upon member banks acting as transfer agents, registered clearing agencies, or sellers of securities under the Securities Exchange Act of 1934. This subpart C also describes the reporting requirements imposed on member banks whose securities are subject to registration under the Securities Exchange Act of 1934.

## Notes

### Source

Source: 63 FR 37646, 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.