---
kind: "section"
citation: "40 C.F.R. § 1036.715"
title: "40"
number: "1036.715"
heading: "Banking."
url: "https://uscodex.org/cfr/40/1036.715"
---

# §1036.715. Banking.

- (a) Banking is the retention of surplus emission credits by the manufacturer generating the emission credits for use in future model years for averaging or trading.
- (b) You may designate any emission credits you plan to bank in the reports you submit under [§ 1036.730](/cfr/40/1036.730.md) as reserved credits. During the model year and before the due date for the final report, you may designate your reserved emission credits for averaging or trading.
- (c) **Reserved credits become actual emission credits when you submit your final report.** However, we may revoke these emission credits if we are unable to verify them after reviewing your reports or auditing your records.
- (d) **Banked credits retain the designation of the averaging set in which they were generated.**

## Notes

### Authority

Authority: 42 U.S.C. 7401—7671q.

### Source

Source: 88 FR 4487, Jan. 24, 2023, unless otherwise noted.