12 CFR 215.10
§ 215.10 Reporting requirement for credit secured by certain bank stock.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 215.10, § 215.10 Reporting requirement for credit secured by certain bank stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44327
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Full text
Each executive officer or director of a member bank the shares of which are not publicly traded shall report annually to the board of directors of the member bank the outstanding amount of any credit that was extended to the executive officer or director and that is secured by shares of the member bank.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.