12 CFR 223.12
§ 223.12 What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 223.12, § 223.12 What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44609
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Full text
A member bank may not engage in a covered transaction with any affiliate if the aggregate amount of the member bank's covered transactions with all affiliates would exceed 20 percent of the capital stock and surplus 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.