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Lending Limits

banking-occ · OCC · Rule · Published 2008-03-20 · Effective 2008-03-20 · 73 FR 14922

Document

Document number
E8-5724
Federal Register citation
73 FR 14922
CFR reference
12 CFR 32
Type
Rule
Action
Interim final rule with request for comment.
Category
banking-occ
Sub-agency
OCC
Publication date
2008-03-20
Effective date
2008-03-20
Treasury docket
Docket No. OCC-2008-0005

Abstract

The Office of the Comptroller of the Currency (OCC) is issuing an interim final rule to add a provision to its part 32 lending limits regulation that will address temporary funding arrangements in emergency situations. The interim final rule will enable the OCC to establish a special lending limit for loans and extensions of credit that the OCC determines are essential to address an emergency situation (such as critical financial markets stability), will be of short duration, will be reduced in amount in a timeframe and manner acceptable to the OCC, and do not present unacceptable risk to the lending national bank. In granting approval for a special temporary lending limit, the OCC would impose supervisory oversight and reporting measures that it determines are appropriate.

Source

Authoritative
Federal Register document
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