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.

BREAKING DOWN '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 K

    Regulation K is one regulation set forth by the Federal Reserve, ...
  2. P-Test

    A statistical method used to test one or more hypotheses within ...
  3. Accumulated Earnings and Profits

    Accumulated earnings and profits (E & P) are a corporation's ...
  4. Regulation CC

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

    One of the regulations set forth by the Federal Reserve. Regulation ...
  6. Revenue Cap Regulation

    A form of economic regulation generally applied to utility companies. ...
Related Articles
  1. Insights

    The Pitfalls Of Financial Regulation

    Regulatory actions usually have lofty intentions that end up with unintended and negative consequences.
  2. Insights

    A Brief History of U.S. Banking Regulation

    From the establishment of the First Bank of the United States to Dodd-Frank, American banking regulation has followed the path of a swinging pendulum.
  3. Insights

    Financial Regulations: Glass-Steagall to Dodd-Frank

    Here are some of the most important financial regulations that have been established.
  4. Insights

    How States May Regulate Wall Street Under Trump

    Donald Trump’s stunning election upset brings with it many questions about the future of the financial regulatory industry.
  5. Investing

    How Do Financial Regulations Affect Smaller Banks?

    Not to big to fail? We explain how US financial regulations affect smaller banks.
  6. Investing

    Indians Use Crowdsourced Information to Find ATMs With Cash

    Indians are on a treasure hunt where the treasure is their own hard-earned money.
  7. Personal Finance

    Top 5 Banks That Are Too Big to Fail (JPM, BAC)

    Discover how the five largest banks have become so big that it would be detrimental to the financial health of the US economy if they fail.
  8. Investing

    New Rules Could Help British Banks (RBS, BCS)

    A new regulation limiting credit risks could help banks’ profitability
RELATED FAQS
  1. How are margin calls regulated by the SEC?

    Learn how FINRA and the Federal Reserve Board regulate trading in margin accounts, and see how brokers can liquidate positions ... Read Answer >>
  2. How strongly does government regulation impact the utilities sector?

    Read about the impact of government regulation on the utilities sector, particularly as is pertains to the water and electricity ... Read Answer >>
  3. How are asset management firms regulated?

    Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial ... Read Answer >>
  4. What are key government regulations that affect investing in the banking sector?

    Discover how the global financial crisis of 2008 changed the face of banking in the United States and around the world by ... Read Answer >>
  5. How ATM Fee Reimbursement Works (ALLY, EVER)

    Learn how ATM fee reimbursement works, identify some of the banks that offer it and understand the typical limitations that ... Read Answer >>
  6. What average annual growth rate is typical for the banking sector?

    Learn the typical average annual growth rate for the banking sector and why regulatory requirements have a profound effect ... Read Answer >>
Trading Center