The security officer for a national bank shall report at least annually to the bank’s board of directors on the effectiveness of the security program. The substance of such report shall be reflected in the minutes of the Board meeting in which it is given.

Terms Used In 12 CFR 21.4

  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC

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

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