Aggregate limitation | Per-issuer limitation | |
(1) General obligations | None | None. |
(2) Other obligations of a governmental entity (e.g., revenue bonds) if the issuer has an adequate capacity to meet financial commitments under the security for the projected life of the asset or exposure. An issuer has an adequate capacity to meet financial commitments if the risk of default by the obligor is low and the full and timely repayment of principal and interest is expected | None | 10% of the institution's total capital. |
(3) Obligations of a governmental entity that do not qualify under any other paragraph but are approved by the OCC | As approved by the OCC | 10% of the institution's total capital. |
12 C.F.R. §160.42