---
kind: "section"
citation: "12 C.F.R. § 348.3"
title: "12"
number: "348.3"
heading: "Prohibitions."
url: "https://uscodex.org/cfr/12/348.3"
---

# §348.3. Prohibitions.

- (a) **Community.** A management official of a depository organization may not serve at the same time as a management official of an unaffiliated depository organization if the depository organizations in question (or a depository institution affiliate thereof) have offices in the same community.
- (b) **RMSA.** A management official of a depository organization may not serve at the same time as a management official of an unaffiliated depository organization if the depository organizations in question (or a depository institution affiliate thereof) have offices in the same RMSA and each depository organization has total assets of $50 million or more.
- (c) **Major assets.** A management official of a depository organization with total assets exceeding $10 billion (or any affiliate of such an organization) may not serve at the same time as a management official of an unaffiliated depository organization with total assets exceeding $10 billion (or any affiliate of such an organization), regardless of the location of the two depository organizations. The FDIC will adjust these thresholds, as necessary, based on the year-to-year change in the average of the Consumer Price Index for the Urban Wage Earners and Clerical Workers, not seasonally adjusted, with rounding to the nearest $100 million. The FDIC will announce the revised thresholds by publishing a final rule without notice and comment in the Federal Register.

## Notes

### Amendments

[80 FR 79252, Dec. 21, 2015, as amended at 84 FR 54472, Oct. 10, 2019]

### Authority

Authority: 12 U.S.C. 3207, 12 U.S.C. 1823(k).

### Source

Source: 80 FR 79252, Dec. 21, 2015, unless otherwise noted.

### Amendments

[80 FR 79252, Dec. 21, 2015, as amended at 84 FR 54472, Oct. 10, 2019]