12 CFR § 24.3

12 CFR · Banks and Banking

§ 24.3 — Public welfare investments.

12 CFR § 24.3

TitleTitle 12: Banks and Banking PartPart 24: Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments

SourceeCFR (current through Apr 10, 2026)

This text of 12 C.F.R. § 24.3 (Public welfare investments.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 C.F.R. § 24.3 (2026).

Text

§ 24.3 Public welfare investments.
A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under § 25.23 of appendix G to 12 CFR part 25 as a “qualified investment.”

[73 FR 46534, Aug. 11, 2008, as amended at 89 FR 22067, Mar. 29, 2024]

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§ 24.3 Public welfare investments.

A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under § 25.23 of appendix G to 12 CFR part 25 as a “qualified investment.”

[73 FR 46534, Aug. 11, 2008, as amended at 89 FR 22067, Mar. 29, 2024]