§ 223.11. What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?
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/us/cfr/t12/s§ 223.11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A member bank may not engage in a covered transaction with an affiliate (other than a financial subsidiary of the member bank) if the aggregate amount of the member bank's covered transactions with such affiliate would exceed 10 percent of the capital stock and surplus of the member bank.
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§ 223.11
What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?
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