DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS.

  1. Law
  2. Idaho Code
  3. BANKS AND BANKING
  4. LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
  5. DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS.

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26-704. DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS. 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.

History:

[(26-704) 26-708, added 1979, ch. 41, sec. 2, p. 90; am. and redesig. 2004, ch. 159, sec. 4, p. 515.]


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