---
kind: "section"
citation: "12 C.F.R. § 211.41"
title: "12"
number: "211.41"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/211.41"
---

# §211.41. Authority, purpose, and scope.

- (a) **Authority.** This subpart is issued by the Board of Governors of the Federal Reserve System (Board) under the authority of the International Lending Supervision Act of 1983 (Pub. L. 98-181, title IX, 97 Stat. 1153) (International Lending Supervision Act); the Federal Reserve Act ([12 U.S.C. 221](/usc/12/221.md) et seq.) (FRA), and the Bank Holding Company Act of 1956, as amended ([12 U.S.C. 1841](/usc/12/1841.md) et seq.) (BHC Act).
- (b) **Purpose and scope.** This subpart is issued in furtherance of the purposes of the International Lending Supervision Act. It applies to State banks that are members of the Federal Reserve System (State member banks); corporations organized under [section 25A](/cfr/12/25A.md) of the FRA ([12 U.S.C. 611 through 631](/usc/12/611..631.md)) (Edge Corporations); corporations operating subject to an agreement with the Board under [section 25](/cfr/12/25.md) of the FRA ([12 U.S.C. 601 through 604a](/usc/12/601..604a.md)) (Agreement Corporations); and bank holding companies (as defined in section 2 of the BHC Act ([12 U.S.C. 1841(a)](/usc/12/1841.md?p=a)) but not including a bank holding company that is a foreign banking organization as defined in [§ 211.21(o)](/cfr/12/211.21.md?p=o).

## Notes

### Amendments

[Reg. K, 68 FR 1159, Jan. 9, 2003]

### Source

Source: 49 FR 5592, Feb. 13, 1984, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 221 et seq., 1818, 1835a, 1841 et seq., 3101 et seq., 3901 et seq., and 5101 et seq.; 15 U.S.C. 1681s, 1681w, 6801 and 6805.

### Amendments

[Reg. K, 68 FR 1159, Jan. 9, 2003]