Source: https://www.law.cornell.edu/cfr/text/12/1.5?qt-cfr_tabs=3
Timestamp: 2016-02-09 08:58:51
Document Index: 288844148

Matched Legal Cases: ['§ 1', '§ 1', '§ 1', '§ 1', '§ 2', '§ 3', '§ 4', '§ 4', '§ 4', '§ 5', '§\u202f1', '§ 7', '§ 8', '§ 9', '§ 9', '§\u202f8', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§\u202f1', '§ 16', '§ 24', '§ 93']

12 CFR 1.5 - Safe and sound banking practices; credit information required. | US Law | LII / Legal Information Institute
A national bank shall adhere to safe and sound banking practices and the specific requirements of this part in conducting the activities described in§ 1.3. The bank shall consider, as appropriate, the interest rate, credit, liquidity, price, foreign exchange, transaction, compliance, strategic, and reputation risks presented by a proposed activity, and the particular activities undertaken by the bank must be appropriate for that bank.
§ 1.5 Safe and sound banking practices; credit information required.
(a) A national bank shall adhere to safe and sound banking practices and the specific requirements of this part in conducting the activities described in § 1.3. The bank shall consider, as appropriate, the interest rate, credit, liquidity, price, foreign exchange, transaction, compliance, strategic, and reputation risks presented by a proposed activity, and the particular activities undertaken by the bank must be appropriate for that bank. (b) In conducting these activities, the bank shall determine that there is adequate evidence that an obligor possesses resources sufficient to provide for all required payments on its obligations, or, in the case of securities deemed to be investment securities on the basis of reliable estimates of an obligor's performance, that the bank reasonably believes that the obligor will be able to satisfy the obligation. (c) Each bank shall maintain records available for examination purposes adequate to demonstrate that it meets the requirements of this part. The bank may store the information in any manner that can be readily retrieved and reproduced in a readable form. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1 - Office of the Comptroller of the Currency§ 2 - Comptroller of the Currency; appointment; term§ 3 - Oath of Comptroller§ 4 - Deputy Comptrollers§ 4a - Delegation of authority by Comptroller§ 4b - Deputy Comptroller for the supervision and examination of Federal savings associations§ 5, 6 - Repealed. Pub. L. 86–251, § 1(b), (c)(1), Sept. 9, 1959, 73 Stat. 487, 488§ 7 - Chief of examining division§ 8 - Clerks§ 9 - Additional examiners, clerks, and other employees§ 9a - Repealed. Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 645§ 10 - Salaries of Deputy Comptrollers, examiners, and other employees as part of bank examination expenses§ 11 - Interest in national banks§ 12 - Seal of Comptroller§ 13 - Rooms for Currency Bureau§ 14 - Report of Comptroller§ 15 - Repealed. Aug. 7, 1946, ch. 770, § 1(40, 50), 60 Stat. 869, 870§ 16 - Funding of Office§ 24 - Corporate powers of associations§ 93a - Authority to prescribe rules and regulations