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Lending Limits

Document ID: OCC-2008-0005-0001
Document Type: Rule
Agency: Comptroller Of The Currency
Topics: No Topics associated with this document
Federal Register Number: E8-05724
CFR Citation: 12 CFR 32
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Details Information

Abstract: The Office of the Comptroller of the Currency (OCC) is issuing an interim final rule to add a provision to its part 32 lending limits regulation that will address temporary funding arrangements in emergency situations. The interim final rule will enable the OCC to establish a special lending limit for loans and extensions of credit that the OCC determines are essential to address an emergency situation (such as critical financial markets stability), will be of short duration, will be reduced in amount in a timeframe and manner acceptable to the OCC, and do not present unacceptable risk to the lending national bank. In granting approval for a special temporary lending limit, the OCC would impose supervisory oversight and reporting measures that it determines are appropriate.
Document Subtype: Interim Final Rule
Received Date: March 20 2008, at 07:05 AM Eastern Daylight Time
Start-End Page: 14922 - 14924
Comment Start Date: March 20 2008, at 12:00 AM Eastern Standard Time
Comment Due Date: April 21 2008, at 11:59 PM Eastern Standard Time

Comments

   
Total: 1
FDIC
Submitter: Thompson, Sandra    Posted: 04/25/2008     ID: OCC-2008-0005-0002

Apr 21,2008 11:59 PM ET

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