[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR614.4355]



[Page 127]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 614_LOAN POLICIES AND OPERATIONS--Table of Contents

 

                  Subpart J_Lending and Leasing Limits

 

Sec. 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 Sec. 614.4020(a)(3) and applying 

to the lessee: 25 percent.

    (4) Standby letters of credit qualifying under Sec. 614.4810: 35 

percent.

    (5) Guarantees qualifying under Sec. 614.4800: 35 percent.

    (6) Seasonal loans exclusive of commodity loans qualifying under 

Sec. 614.4231: 35 percent.

    (7) Foreign trade receivables qualifying under Sec. 614.4700: 50 

percent.

    (8) Bankers' acceptances held qualifying under Sec. 614.4710 and 

commodity loans qualifying under Sec. 614.4231: 50 percent.

    (9) Export and import letters of credit qualifying under Sec. 

614.4321: 50 percent.

    (b) Total limit. (1) The sum of term and seasonal loans exclusive of 

commodity loans qualifying under Sec. 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]