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Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Loans to Holding Companies and Affiliates

Fed · final-rule · Published 1995-06-13 · Effective 1995-07-01 · 60 FR 31053

Document

Document number
95-14413
Federal Register citation
60 FR 31053
CFR reference
12 CFR 215
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1995-06-13
Effective date
1995-07-01
Docket
Regulation O

Abstract

The Board is adopting an amendment to Regulation O to conform the definition of unimpaired capital and unimpaired surplus used in calculating a bank's Regulation O lending limit to the definition of capital and surplus recently adopted by the Office of the Comptroller of the Currency in calculating the limit on loans by a national bank to a single borrower. The final rule will reduce the regulatory burden for member banks monitoring lending to their insiders.

Source

Authoritative
Federal Register document
Machine
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