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 AA

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

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

    A regulation that implements the Home Mortgage Disclosure Act ...
  4. Regulation CC

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

    A regulation that permits national banks to open and operate ...
  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. Demystification Of Bank Accounts
    Options & Futures

    Demystification Of Bank Accounts

  4. Cut Your Bank Fees
    Personal Finance

    Cut Your Bank Fees

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center