§ 614.4355 - Banks for cooperatives.  


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  • § 614.4355 Banks for cooperatives.

    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.

    [58 FR 40321, July 28, 1993, as amended at 62 FR 51015, Sept. 30, 1997; 64 FR 34517, June 28, 1999; 71 FR 65387, Nov. 8, 2006]