{"data":{"id":"us/12-cfr-223.52","jurisdiction":"us","citation":"12 CFR 223.52","heading":"What transactions with affiliates or others must comply with section 23B's market terms requirement?","body":"(a) The market terms requirement of § 223.51 applies to the following transactions:\n(1) Any covered transaction with an affiliate, unless the transaction is exempt under paragraphs (a) through (c) of § 223.41 or paragraphs (a) through (e) or (h) through (j) of § 223.42;\n(2) The sale of a security or other asset to an affiliate, including an asset subject to an agreement to repurchase;\n(3) The payment of money or the furnishing of a service to an affiliate under contract, lease, or otherwise;\n(4) Any transaction in which an affiliate acts as an agent or broker or receives a fee for its services to the member bank or to any other person; and\n(5) Any transaction or series of transactions with a nonaffiliate, if an affiliate:\n(i) Has a financial interest in the nonaffiliate; or\n(ii) Is a participant in the transaction or series of transactions.\n(b) For the purpose of this section, any transaction by a member bank with any person will be deemed to be a transaction with an affiliate of the member bank if any of the proceeds of the transaction are used for the benefit of, or transferred to, the affiliate.","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 223—TRANSACTIONS BETWEEN MEMBER BANKS AND THEIR AFFILIATES (REGULATION W)","Subpart F—General Provisions of Section 23B"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"045b4f67ad894a278290912ae3ad3ba97787deba6690e72e9db451a06bf20ad4","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-223.51","next":"us/12-cfr-223.53"},"notice":"GroundRules: Original legal text. Not legal advice."}