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Fed · final-rule · Published 1996-05-03 · Effective 1996-07-01 · 61 FR 19805

Document

Document number
96-10891
Federal Register citation
61 FR 19805
CFR reference
12 CFR 250
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1996-05-03
Effective date
1996-07-01
Docket
Docket No. R-0902

Abstract

The Board is adopting a definition of capital stock and surplus for purposes of section 23A of the Federal Reserve Act that conforms to the definition of unimpaired capital and unimpaired surplus used by the Board in calculating the limits in Regulation O for insider lending and by the Office of the Comptroller of the Currency (OCC) in calculating the limit on loans by a national bank to a single borrower. The final rule will reduce the burden for member banks and other insured depository institutions monitoring lending to their affiliates.

Source

Authoritative
Federal Register document
Machine
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