12 CFR § 229.40 - Effect of merger transaction.

---
identifier: "/us/cfr/t12/s229.40"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 229.40 - Effect of merger transaction."
title_number: 12
title_name: "Banks and Banking"
section_number: "229.40"
section_name: "Effect of merger transaction."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "229"
part_name: "AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 4001-4010, 12 U.S.C. 5001-5018."
regulatory_source: "53 FR 19433, May 27, 1988, unless otherwise noted."
cfr_part: "229"
---


# 229.40 Effect of merger transaction.

For purposes of this subpart, two or more banks that have engaged in a merger transaction may be considered to be separate banks for a period of one year following the consummation of the merger transaction.

[82 FR 27584, June 15, 2017]