Okla. Admin. Code § 85:10-11-8

Current through Vol. 42, No. 4, November 1, 2024

Section 85:10-11-8 - Interest rate futures transactions

(a) The provisions of this Section are made applicable to trust companies in the same manner as to banks and each reference to "bank" or "banks" shall include "trust company" or "trust companies" as if so worded.

(b) Oklahoma state-chartered banks engaging in interest rate futures transactions shall comply with any rules adopted by the federal bank regulatory agencies..

(c) Each bank's board of directors shall have ultimate responsibility to establish prudent policies and carefully monitor compliance with any applicable rules. Such monitoring should be evidenced in the minutes of each meeting of the board of directors.

Okla. Admin. Code § 85:10-11-8

Amended at 25 Ok Reg 1064, eff 5-25-08