---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "chII/subchA/part220"
level: "part"
label: "Part 220"
heading: "Credit by Brokers and Dealers (regulation T)"
release: "ecfr-current"
date: "2026-08-27"
url: "https://uscodex.org/cfr/12/chII-subchA-part220"
sections_count: 39
---

# Part 220 — Credit by Brokers and Dealers (regulation T)

Title 12 C.F.R. — Banks and Banking › Chapter II — Federal Reserve System › Subchapter A — Board of Governors of the Federal Reserve System

## Sections

- [§220.1. Authority, purpose, and scope.](/cfr/12/220.1.md)
- [§220.2. Definitions.](/cfr/12/220.2.md)
- [§220.3. General provisions.](/cfr/12/220.3.md)
- [§220.4. Margin account.](/cfr/12/220.4.md)
- [§220.5. Special memorandum account.](/cfr/12/220.5.md)
- [§220.6. Good faith account.](/cfr/12/220.6.md)
- [§220.7. Broker-dealer credit account.](/cfr/12/220.7.md)
- [§220.8. Cash account.](/cfr/12/220.8.md)
- [§220.9. Clearance of securities, options, and futures.](/cfr/12/220.9.md)
- [§220.10. Borrowing and lending securities.](/cfr/12/220.10.md)
- [§220.11. Requirements for the list of marginable OTC stocks and the list of foreign margin stocks.](/cfr/12/220.11.md)
- [§220.12. Supplement: margin requirements.](/cfr/12/220.12.md)
- [§220.101. Transactions of customers who are brokers or dealers.](/cfr/12/220.101.md)
- [§220.102. Reserved](/cfr/12/220.102.md)
- [§220.103. Borrowing of securities.](/cfr/12/220.103.md)
- [§220.104. Reserved](/cfr/12/220.104.md)
- [§220.105. Ninety-day rule in special cash account.](/cfr/12/220.105.md)
- [§220.106-220.107. Reserved](/cfr/12/220.106-220.107.md)
- [§220.108. International Bank Securities.](/cfr/12/220.108.md)
- [§220.109. Reserved](/cfr/12/220.109.md)
- [§220.110. Assistance by Federal credit union to its members.](/cfr/12/220.110.md)
- [§220.111. Arranging for extensions of credit to be made by a bank.](/cfr/12/220.111.md)
- [§220.112. Reserved](/cfr/12/220.112.md)
- [§220.113. Necessity for prompt payment and delivery in special cash accounts.](/cfr/12/220.113.md)
- [§220.114-220.116. Reserved](/cfr/12/220.114-220.116.md)
- [§220.117. Exception to 90-day rule in special cash account.](/cfr/12/220.117.md)
- [§220.118. Time of payment for mutual fund shares purchased in a special cash account.](/cfr/12/220.118.md)
- [§220.119. Applicability of margin requirements to credit extended to corporation in connection with retirement of stock.](/cfr/12/220.119.md)
- [§220.120. Reserved](/cfr/12/220.120.md)
- [§220.121. Applicability of margin requirements to joint account between two creditors.](/cfr/12/220.121.md)
- [§220.122. “Deep in the money put and call options” as extensions of credit.](/cfr/12/220.122.md)
- [§220.123. Partial delayed issue contracts covering nonconvertible bonds.](/cfr/12/220.123.md)
- [§220.124. Installment sale of tax-shelter programs as “arranging” for credit.](/cfr/12/220.124.md)
- [§220.125-220.126. Reserved](/cfr/12/220.125-220.126.md)
- [§220.127. Independent broker/dealers arranging credit in connection with the sale of insurance premium funding programs.](/cfr/12/220.127.md)
- [§220.128. Treatment of simultaneous long and short positions in the same margin account when put or call options or combinations thereof on such stock are also outstanding in the account.](/cfr/12/220.128.md)
- [§220.129-220.130. Reserved](/cfr/12/220.129-220.130.md)
- [§220.131. Application of the arranging section to broker-dealer activities under SEC Rule 144A.](/cfr/12/220.131.md)
- [§220.132. Credit to brokers and dealers.](/cfr/12/220.132.md)