---
kind: "section"
citation: "12 C.F.R. § 346.1"
title: "12"
number: "346.1"
heading: "Purpose and scope of this part."
url: "https://uscodex.org/cfr/12/346.1"
---

# §346.1. Purpose and scope of this part.

- (a) **General.** This part implements [section 711](/cfr/12/711.md) of the Gramm-Leach-Bliley Act ([12 U.S.C. 1831y](/usc/12/1831y.md)). That section requires any nongovernmental entity or person, insured depository institution, or affiliate of an insured depository institution that enters into a covered agreement to—
  - (1) Make the covered agreement available to the public and the appropriate Federal banking agency; and
  - (2) **File an annual report with the appropriate Federal banking agency concerning the covered agreement.**
- (b) **Scope of this part.** The provisions of this part apply to—
  - (1) State nonmember insured banks;
  - (2) Subsidiaries of state nonmember insured banks;
  - (3) Nongovernmental entities or persons that enter into covered agreements with any company listed in paragraphs [(b)(1)](#b-1), [(2)](#b-2), [(4)](#b-4) and [(5)](#b-5) of this section.
  - (4) State savings associations; and
  - (5) **Subsidiaries of State savings associations.**
- (c) **Relation to Community Reinvestment Act.** This part does not affect in any way the Community Reinvestment Act of 1977 ([12 U.S.C. 2901](/usc/12/2901.md) et seq.) or the FDIC's Community Reinvestment regulation found at [12 CFR part 345](/cfr/12/part345.md), or the FDIC's interpretations or administration of that Act or regulation.
- (d) **Examples.**
  - (1) **The examples in this part are not exclusive.** Compliance with an example, to the extent applicable, constitutes compliance with this part.
  - (2) Examples in a paragraph illustrate only the issue described in the paragraph and do not illustrate any other issues that may arise in this part.

## Notes

### Authority

Authority: 12 U.S.C. 1831y.

### Source

Source: 80 FR 23692, Apr. 29, 2015, unless otherwise noted.