---
kind: "section"
citation: "12 C.F.R. § 24.4"
title: "12"
number: "24.4"
heading: "Investment limits."
url: "https://uscodex.org/cfr/12/24.4"
---

# §24.4. Investment limits.

- (a) **Limits on aggregate outstanding investments.** A national bank's aggregate outstanding investments under this part may not exceed 5 percent of its capital and surplus, unless the bank is at least adequately capitalized and the OCC determines, by written approval of a written request by the bank to exceed the 5 percent limit, that a higher amount of investments will not pose a significant risk to the deposit insurance fund. In no case may a bank's aggregate outstanding investments under this part exceed 15 percent of its capital and surplus. When calculating the aggregate amount of its aggregate outstanding investments under this part, a national bank should follow generally accepted accounting principles, unless otherwise directed or permitted in writing by the OCC for prudential or safety and soundness reasons.
- (b) **Limited liability.** A national bank may not make an investment under this part that would expose the bank to unlimited liability.

## Notes

### Amendments

[61 FR 49660, Sept. 23, 1996, as amended at 64 FR 70991, Dec. 20, 1999; 68 FR 48776, Aug. 15, 2003; 73 FR 22244, Apr. 24, 2008]

### Authority

Authority: 12 U.S.C. 24(Eleventh), 93a, 481, and 1818.

### Source

Source: 61 FR 49660, Sept. 23, 1996, unless otherwise noted.

### Amendments

[61 FR 49660, Sept. 23, 1996, as amended at 64 FR 70991, Dec. 20, 1999; 68 FR 48776, Aug. 15, 2003; 73 FR 22244, Apr. 24, 2008]