The Board may waive the application of § 206.4(a) of this part to a bank if the primary Federal supervisor of the bank advises the Board that the bank is not reasonably able to obtain necessary services, including payment-related services and placement of funds, without incurring exposure to a correspondent in excess of the otherwise applicable limit.

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Terms Used In 12 CFR 206.6

  • Exposure: includes credit and liquidity risks, including operational risks, related to intraday and interday transactions. See 12 CFR 206.2