When Is It Possible for a Bank to Be Exempted

When is it possible for a bank to be exempted from compliance with some of the Government Securities Act custodial regulations?

A) When the bank maintains its securities in the ordinary course of business
B) When the bank has procedures in place to make sure it complies with the custodial regulations of its federal regulatory agency
C) When the bank does not hold itself out as a government securities broker or dealer
D) When the bank uses more than the normal standard of care when maintaining possession and control of securities

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