District Circular Letters

April 8, 2013

Federal Reserve Board Finalizes Standards for Fed-regulated Banks Engaged in Certain Types of Foreign Exchange Transactions with Retail Customers


On Thursday, April 4, 2013, the Federal Reserve Board announced the finalization of standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers. The rule becomes effective on May 13, 2013.

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