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Can you summarize 12 CFR Part 364?
REGULATIONS AND STATEMENTS OF GENERAL POLICY > STANDARDS FOR SAFETY AND SOUNDNESS
Short Summary
The provided legal document content pertains to the standards for safety and soundness in the banking industry. It states that the Interagency Guidelines Establishing Standards for Safety and Soundness, as set forth in appendix A, apply to insured state nonmember banks, state-licensed insured branches of foreign banks subject to section 39 of the Federal Deposit Insurance Act, and state savings associations. Additionally, the document mentions the Interagency Guidelines Establishing Information Security Standards, which apply to the mentioned entities as well as their subsidiaries, except for brokers, dealers, persons providing insurance, investment companies, and investment advisers. The document also refers to interagency regulations and guidelines on identity theft detection, prevention, and mitigation. However, no specific penalties or exemptions are mentioned in this document.
Whom does it apply to?
Insured state nonmember banks, state-licensed insured branches of foreign banks subject to section 39 of the Federal Deposit Insurance Act, state savings associations, and their subsidiaries (except for brokers, dealers, persons providing insurance, investment companies, and investment advisers)
What does it govern?
Standards for safety and soundness in the banking industry
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
U.S. Federal Government