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.
SUMMARY: The Office of the Comptroller of the Currency and Board of Governors of the. Federal Reserve System (Board), are adopting a final rule that revises their risk-based and. leverage capital requirements for banking organizations.