Within 30 days after the opening of a new bank, the Bank’s board of directors shall designate a security officer who shall have the authority, subject to the approval of the board of directors, for immediately developing and administering a written security program to protect each banking office from robberies, burglaries, and larcenies and to assist in identifying and apprehending persons who commit such acts.

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(Approval by the Office of Management and Budget under control number 1557-0180)