Idaho § 26-704 DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS

Idaho Statutes

§ 26-704 — DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS

Idaho·Title 26 BANKS AND BANKING·Ch. 7 LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES

For the purpose of determining limitations on loans and investments the following items are to be disregarded:

(1)The sale of excess reserve funds by one (1) bank to another bank;

(2)The purchase of securities by a bank, under an agreement to resell at the end of a stated period; and

(3)The purchase of mortgage loans by a bank, under agreement to resell at the end of a stated period. The director may, upon application by a bank, approve loans and investments in excess of the limitations provided in this chapter.

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For the purpose of determining limitations on loans and investments the following items are to be disregarded:
(1) The sale of excess reserve funds by one (1) bank to another bank;
(2) The purchase of securities by a bank, under an agreement to resell at the end of a stated period; and
(3) The purchase of mortgage loans by a bank, under agreement to resell at the end of a stated period.
The director may, upon application by a bank, approve loans and investments in excess of the limitations provided in this chapter.

Idaho § 26-704 (DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.