Section 28-1-18.2-5 - Applicability of certain provisions of Federal Reserve Act and regulations; violations(a) For purposes of this section, a bank or trust company that is not a member of the Federal Reserve System is subject to Sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) and Federal Reserve Regulation W ( 12 CFR 223 ) to the same extent and in the same manner as though it were a member of the Federal Reserve System.(b) A violation of Section 23A or 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) or Federal Reserve Regulation W ( 12 CFR 223 ) by a bank or trust company or a subsidiary of either constitutes a violation of this section.As added by P.L. 33-1991, SEC.18. Amended by P.L. 141-2005, SEC.8.