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Notes

§614.4355. Banks for cooperatives.

Cited by 2 provisions

12 C.F.R. § 614.4355

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)
Commodity loans qualifying under § 614.4231: 50 percent.
(9)
Export and import letters of credit qualifying under § 614.4720: 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.
Notes, amendments, and revision history

Amendments

[58 FR 40321, July 28, 1993, as amended at 62 FR 51015, Sept. 30, 1997; 64 FR 34517, June 28, 1999; 71 FR 65387, Nov. 8, 2006]

Source

Source: 58 FR 40321, July 28, 1993, unless otherwise noted.

Authority

Authority: Secs. 1.3, 1.5, 1.6, 1.7, 1.9, 1.10, 1.11, 2.0, 2.2, 2.3, 2.4, 2.10, 2.12, 2.13, 2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10, 3.20, 3.28, 4.12, 4.12A, 4.13B, 4.14, 4.14A, 4.14D, 4.14E, 4.18, 4.18A, 4.19, 4.25, 4.26, 4.27, 4.28, 4.36, 4.37, 5.9, 5.10, 5.17, 7.0, 7.2, 7.6, 7.8, 7.12, 7.13, 8.0, 8.5 of the Farm Credit Act (12 U.S.C. 2011, 2013, 2014, 2015, 2017, 2018, 2019, 2071, 2073, 2074, 2075, 2091, 2093, 2094, 2097, 2121, 2122, 2124, 2128, 2129, 2131, 2141, 2149, 2183, 2184, 2201, 2202, 2202a, 2202d, 2202e, 2206, 2206a, 2207, 2211, 2212, 2213, 2214, 2219a, 2219b, 2243, 2244, 2252, 2279a, 2279a-2, 2279b, 2279c-1, 2279f, 2279f-1, 2279aa, 2279aa-5); 12 U.S.C. 2121 note; 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128.

Amendments

[58 FR 40321, July 28, 1993, as amended at 62 FR 51015, Sept. 30, 1997; 64 FR 34517, June 28, 1999; 71 FR 65387, Nov. 8, 2006]