12 C.F.R. § 614.4355 Banks for cooperatives.
Title 12 - Banks and Banking
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) Bankers' acceptances held qualifying under §614.4710 and commodity loans qualifying under §614.4231: 50 percent. (9) Export and import letters of credit qualifying under §614.4321: 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]
Title 12: Banks and Banking
PART 614—LOAN POLICIES AND OPERATIONS
Subpart J—Lending and Leasing Limits
§ 614.4355 Banks for cooperatives.
