Permissible Activities

Topics:
Financial Regulations
Tags:
ALM Professional,
Bank,
Banking,
Financial Services
Source:
ALM Professional

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Overview: This article is about various regulations and guideliness issued to banking sector. Bank may purchase for its own account stock of a corporation organized for the purpose of making loans to farmers and ranchers for agricultural purposes. The bank’s investment in such agricultural credit corporation at any one time shall not exceed 20% of the bank’s unimpaired capital and surplus, unless the bank owns at least 80% of the corporation. Such investment is also subject to certain notification, review, and approval procedures.

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Format: PDF | Size: 186KB | Date: Apr 1999 | Pages: 49

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