Waivers. Inside individual cases, in which a national supervisory authority waives an exchangeability requirement, or waives the fresh penalty having failing continually to satisfy a liquidity specifications, the latest Board should waive this new reserve requirement, otherwise waive the brand new penalty to own failing continually to satisfy a reserve requisite, imposed pursuant compared to that subsection towards depository establishment inside it whenever questioned because of the Government supervisory power inside it.
Getting purposes of it section, the definition of « depository place », and the institutions explained for the part (1)(A), comes with one believe organization, agency structured below section 25A or with a binding agreement on the Board not as much as section 25, or people part or department out-of a foreign lender (as defined in part 1(b) of the Global Financial Work of 1978).
