Source: https://www.law.cornell.edu/cfr/text/12/614.4355
Timestamp: 2018-10-23 16:43:05
Document Index: 61254628

Matched Legal Cases: ['art 614', '§ 614', '§ 614', '§ 614', '§ 614', '§ 614', '§ 614', '§ 614', '§ 614', '§ 614']

12 CFR 614.4355 - Banks for cooperatives. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter VI › Subchapter B › Part 614 › Subpart J › Section 614.4355
12 CFR 614.4355 - Banks for cooperatives.
§ 614.4355 Banks for cooperatives.
No bank for cooperatives may make a loan if the consolidated amount of all loans outstanding and undisbursed commitments to that borrower exceeds the following percentages of the lending and leasing limit base of the bank:
(a)Basic limit.
(1) Term loans to eligible cooperatives: 25 percent.
(2) Term loans to foreign and domestic parties: 10 percent.
(3) Lease loans qualifying under § 614.4020(a)(3) and applying to the lessee: 25 percent.
(4) Standby letters of credit qualifying under § 614.4810: 35 percent.
(5) Guarantees qualifying under § 614.4800: 35 percent.
(6) Seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.
(7) Foreign trade receivables qualifying under § 614.4700: 50 percent.
(8) Commodity loans qualifying under § 614.4231: 50 percent.
(9) Export and import letters of credit qualifying under § 614.4720: 50 percent.
(b)Total limit.
(1) The sum of term and seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.
(2) The sum of paragraphs (a)(1) through (a)(9) of this section: 50 percent.
[ 58 FR 40321, July 28, 1993, as amended at 62 FR 51015, Sept. 30, 1997; 64 FR 34517, June 28, 1999; 71 FR 65387, Nov. 8, 2006]
12 CFR 614.4357 — Banks for Cooperatives Look-Through Notes.
12 CFR 614.4352 — Farm Credit Banks and Agricultural Credit Banks.