|
|
Disclaimer
The orders and statements below were approved in connection with activities under §24 of the F.D.I. Act, Part 362 of the FDIC's regulations, and in some cases also under §18(l) of the F.D.I. Act and Part 347 of the FDIC's regulations. While most of the post-1997 orders and statements set out below are derived from official sources, there are many older pre-1997 orders and statements issued under § 24 that were scanned from archived files. These may vary slightly in terms of the conditions actually imposed as approved by the Board of Directors. We have tried to exercise the greatest care in the reproduction of these older scanned documents. Should you note any inaccuracies or have any concerns or questions please contact Lewis Moore, Paralegal Specialist, Legal Division, Supervision & Legislation Section, Bank Activities Unit -- 202/898-8980.
Equity Securities
Bank Stock -
Bank may indirectly through a wholly-owned subsidiary purchase the stock of a bank
Bank Holding Company Stock -
Bank may indirectly through a wholly-owned subsidiary purchase the stock of a bank holding company.
Listed Stock -
Bank may indirectly through a wholly-owned subsidiary engage in the trading of equity securities for its own account in stock listed on a national securities exchange.
Savings and Loan Association Stock -
Bank may indirectly through a wholly-owned subsidiary own the stock of a savings and loan company.
Savings and Loan Association Holding Company Stock -
Bank may indirectly through a wholly-owned subsidiary own the stock of a savings and loan holding company.
Subsidiary structured as limited liability company -
Bank may indirectly through a majority owned subsidiary organized as a limited liability company engage in activities under § 24 of the FDI Act.
Subsidiary structured as limited partnership -
Bank may indirectly through a wholly-owned subsidiary organized as a limited partnerships engage in activities under § 24 of the FDI Act.
Corporate subsidiary invests in limited partnership or limited liability company
-
Bank's majority-owned subsidiary may invest in a limited partnership or liability company.
Unlisted Stock -
Bank may indirectly through a wholly-owned subsidiary continue to hold subordinated debt or preferred stock and warrants or common stock of entities not listed on a national securities exchange, and fund capital calls and exercise warrants held in connection therewith.
Other Activities -
Activities and investments that do not fall into the broad categories listed.
|
