12 CFR 614.4355
§ 614.4355 Banks for cooperatives.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 614.4355, § 614.4355 Banks for cooperatives, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47758
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Full text
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 § 614.4020(a)(3) and applying to the lessee: 25 percent.
(4) Standby letters of credit qualifying under § 614.4810: 35 percent.
(5) Guarantees qualifying under § 614.4800: 35 percent.
(6) Seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.
(7) Foreign trade receivables qualifying under § 614.4700: 50 percent.
(8) Commodity loans qualifying under § 614.4231: 50 percent.
(9) Export and import letters of credit qualifying under § 614.4720: 50 percent.
(b) Total limit.
(1) The sum of term and seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.
(2) The sum of paragraphs (a)(1) through (a)(9) of this section: 50 percent.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.