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a whole and which are not directly related to the day-to-day conduct of the bank's municipal securities dealer activities, shall not disqualify the unit hereinbefore described as a separately identifiable department or division of the bank or require that such directors or officers be considered as part of such unit.

(d) The fact that the bank's municipal securities dealer activities are conducted in more than one geographic organizational or operational unit of the bank shall not preclude a finding that the bank has a separately identifiable department or division for purposes of this rule, provided, however, that all such units are identifiable and that the requirements of subparagraphs (1) and (2) of paragraph (a) of this rule are met with respect to each such unit. All such geographic, organizational or operational units of the bank shall be considered in the aggregate as the separately identifiable department or division of the bank for purposes of this rule.

INDEX TO APPENDIX

In general, items appear in the appendix in the order in which they are codified in the
United States Code. References in brackets [ ] are to the United States Code.

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Definition of "cooperative association" re-
ferred to in section 12(g)(2)(E) of Securi-
ties Exchange Act.

452

[12 U.S.C. 1455(a), (g)]

Exemption for securities of Federal Home
Loan Mortgage Corporation.

[12 U.S.C. 1717(c)(1)]........ .......... Exemption for certain Government Nation-

453

454

[12 U.S.C. 1719(d)-(e)].................

al Mortgage Association securities.
Exemption for certain securities of Federal
National Mortgage Association.

454

540

INDEX TO APPENDIX-Continued

In general, items appear in the appendix in the order in which they are codified in the
United States Code. References in brackets [] are to the United States Code.

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Subject

Exemption for securities of Federal Nation-
al Mortgage Association and Govern-
ment National Mortgage Association.
Definition of "bank holding company" re-
ferred to in section 3(a)(34) of Securities
Exchange Act.

Right to Financial Privacy Act of 1978...........
Reorganization plan transferring Commis-
sion functions to Chairman.

Definition of "separately identifiable de-
partment or division of a bank".
Small business capital formation
Liability Risk Retention Act of 1986.

Filings for securities issues approved by
Federal Energy Regulatory Commission.
Crimes subjecting persons to SEC sanctions..
Sentences.

Procedure for granting immunity in cer-
tain administrative proceedings.
Exemption for securities of Student Loan
Marketing Corporation.

Page

455

457

465

482

537

484

486

488

489

494

496

499

500

501

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528

Exemption for securities to fund direct stu-
dent loan program.
Exemption for securities of Inter-American
Development Bank.

[26 U.S.C. 501(a), (c)(2), (c)(16)]... Certain corporations organized by farmers'

cooperatives and corporations organized
to hold title to property referred to in
section 3(a)(5) of Securities Act.

[26 U.S.C. 521(a)–(b)] .

....... Farmers' cooperatives referred to in sec-
tion 3(a)(5) of Securities Act.

529

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INDEX TO APPENDIX-Continued

In general, items appear in the appendix in the order in which they are codified in the
United States Code. References in brackets [] are to the United States Code.

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