12 CFR § 241.1 - Authority and purpose.

---
identifier: "/us/cfr/t12/s241.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 241.1 - Authority and purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "241.1"
section_name: "Authority and purpose."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "241"
part_name: "SECURITIES HOLDING COMPANIES (REGULATION OO)"
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. 1850a."
regulatory_source: "77 FR 32884, June 5, 2012, unless otherwise noted."
cfr_part: "241"
---


# 241.1 Authority and purpose.

(a) *Authority.* This part is issued by the Board pursuant to section 618 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 1850a).

(b) *Purpose.* This part establishes the procedures by which a securities holding company may elect to register to be supervised by the Board.