12 C.F.R. § 34.84 Future bank expansion.
Title 12 - Banks and Banking
A national bank normally should use real estate acquired for future bank expansion within five years. After holding such real estate for one year, the bank shall state, by resolution of the board of directors or an appropriately authorized bank official or subcommittee of the board, definite plans for its use. The resolution or other official action must be available for inspection by national bank examiners.
Title 12: Banks and Banking
PART 34—REAL ESTATE LENDING AND APPRAISALS
Subpart E—Other Real Estate Owned
§ 34.84 Future bank expansion.
