Regulation P

AAA

DEFINITION of 'Regulation P'

One of the regulations set forth by the Federal Reserve. Regulation P addresses standards for all bank hardware and equipment related to security and the holding of cash. This regulation covers security measures, such as bank vaults, and other currency-handling equipment, such as ATMs.

INVESTOPEDIA EXPLAINS 'Regulation P'

Regulation P requires all member banks to have on payroll a head of security that oversees all security precautions. These precautions can include the employment of security guards and alarm systems, as well as routines and procedures designed to prevent theft or robbery. A compliance statement detailing these proceedings must be filed annually.

RELATED TERMS
  1. Regulation CC

    One of the banking regulations set forth by the Federal Reserve. ...
  2. Regulation 9

    A regulation that permits national banks to open and operate ...
  3. Regulation AA

    A regulation designed to address practices by banks that are ...
  4. Regulation B

    A regulation intended to prevent discrimination against applicants ...
  5. Regulation C

    A regulation that implements the Home Mortgage Disclosure Act ...
  6. Automated Teller Machine - ATM

    An electronic banking outlet, which allows customers to complete ...
Related Articles
  1. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  2. Online Banks: Lower Costs And Little ...
    Savings

    Online Banks: Lower Costs And Little ...

  3. When Good People Write Bad Checks
    Budgeting

    When Good People Write Bad Checks

  4. Demystification Of Bank Accounts
    Options & Futures

    Demystification Of Bank Accounts

comments powered by Disqus
Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  3. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  4. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center