---
kind: "section"
citation: "12 C.F.R. § 32.4"
title: "12"
number: "32.4"
heading: "Calculation of lending limits."
url: "https://uscodex.org/cfr/12/32.4"
---

# §32.4. Calculation of lending limits.

- (a) **Calculation date.** For purposes of determining compliance with 12 U.S.C. [84](/usc/12/84.md), and [12](/usc/12/12.md) U.S.C. 1464(u), as applicable, and this part, a national bank or savings association shall determine its lending limit as of the most recent of the following dates:
  - (1) The last day of the preceding calendar quarter; or
  - (2) The date on which there is a change in the bank's or savings association's capital category for purposes of 12 U.S.C. [1831o](/usc/12/1831o.md) and [12](/usc/12/12.md) CFR 6.3 or [12 CFR 324.402](/cfr/12/324.402.md), as applicable.
- (b) **Effective date.**
  - (1) A national bank's or savings association's lending limit calculated in accordance with [paragraph (a)(1)](#a-1) of this section will be effective as of the earlier of the following dates:
    - (i) The date on which the bank's or savings association's Call Report is submitted; or
    - (ii) **The date on which the bank's or savings association's Call Report is required to be submitted.**
  - (2) A national bank's or savings association's lending limit calculated in accordance with [paragraph (a)(2)](#a-2) of this section will be effective on the date that the limit is to be calculated.
- (c) **More frequent calculations.** If the appropriate Federal banking agency determines for safety and soundness reasons that a national bank or savings association should calculate its lending limit more frequently than required by [paragraph (a)](#a) of this section, the appropriate Federal banking agency may provide written notice to the national bank or savings association directing it to calculate its lending limit at a more frequent interval, and the national bank or savings association shall thereafter calculate its lending limit at that interval until further notice.

## Notes

### Amendments

[63 FR 15746, Apr. 1, 1998, as amended at 77 FR 37278, June 21, 2012; 79 FR 11312, Feb. 28, 2014]

### Authority

Authority: 12 U.S.C. 1 et seq., 12 U.S.C. 84, 93a, 1462a, 1463, 1464(u), 5412(b)(2)(B), and 15 U.S.C. 1639h.

### Source

Source: 60 FR 8532, Feb. 15, 1995, unless otherwise noted.

### Amendments

[63 FR 15746, Apr. 1, 1998, as amended at 77 FR 37278, June 21, 2012; 79 FR 11312, Feb. 28, 2014]