12 CFR 614.4355 - Banks for cooperatives.
Code of Federal Regulations - Title 12: Banks and Banking (2011)
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Title 12: Banks and Banking
CHAPTER VI: FARM CREDIT ADMINISTRATION
SUBCHAPTER B: FARM CREDIT SYSTEM
PART 614: LOAN POLICIES AND OPERATIONS
Subpart J: Lending and Leasing Limits
614.4355 - Banks for cooperatives.
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.
[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]
