§223.12. What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?
12 C.F.R. § 223.12
A member bank may not engage in a covered transaction with any affiliate if the aggregate amount of the member bank's covered transactions with all affiliates would exceed 20 percent of the capital stock and surplus of the member bank.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 371c(b)(1)(E), (b)(2)(A), and (f), 371c-1(e), 1828(j), 1468(a), and section 312(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5412).
Source
Source: 67 FR 76604, Dec. 12, 2002, unless otherwise noted.