What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?

1. Law
2. CFR 12
3. Banks and Banking
4. Federal Reserve System
5. Board of Governors of the Federal Reserve System
6. Transactions Between Member Banks and Their Affiliates (Regulation W)
7. General Provisions of Section 23A
8. What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?

§ 223.12 What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?

A member bank may not engage in a covered transaction with any affiliate if the aggregate amount of the member bank's covered transactions with all affiliates would exceed 20 percent of the capital stock and surplus of the member bank.

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