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.
SECTION 203.1 Authority, purpose, and scope. (a) Authority. This regulation is issued by the Board of Governors of the Federal. Reserve System (âBoardâ) pursuant to the Home Mortgage Disclosure Act (âHMDAâ) (12 U.S.C. 2801 et seq.), as amended. The information-collection requirements have been.