Current through Register Vol. 54, No. 49, December 7, 2024
Section 27.3 - Limitations on leeway investments(a) A bank or bank and trust company: (1) Shall limit its leeway investments in one corporation to 2.0% of the institution's capital and surplus at the time of acquisition of the investments.(2) Shall limit its aggregate total of leeway investments to 10% or less of the institution's capital and surplus at the time of acquisition of the investment.(b) A savings bank: (1) Shall limit its leeway investments in one corporation to 0.2% of the book value of the assets of the institution at the time of acquisition of the investment.(2) Shall limit its aggregate total of leeway investments to 3.0% of the book value of the assets of the institution at the time of acquisition of the investment.