The Albany Plan of Union was not a plan for independence; in fact, it still subjected the colonial governments to British control. However, many British and Americans still considered the plan too extreme, so it was ultimately never implemented.
DEFINITION of 'Regulation U' Regulation U is a Federal Reserve Board regulation that governs loans by entities involving securities as collateral and the purchase of securities on margin. Regulation U limits the amount of leverage that can be extended for loans secured by securities for the purpose of buying more securities.
1 On December 21, 2015, the Federal Reserve Board (FRB) released guidance, in the form of two Supervision and. Regulation Letters (SR Letters), that consolidates the capital planning expectations for all large financial institutions and. clarifies differences in those expectations based on firm size and complexity. 2  Key Takeaways.