Limitations on dealing in, underwriting, and purchase and sale of securities.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e) (f) (g) (h) (i) The portfolio of the investment company consists exclusively of assets that the national bank may purchase and sell for its own account; and (ii) The bank's holdings of investment company shares do not exceed the limitations in § 1.4(e). (2) (3) Investments made under this paragraph (h) must comply with § 1.5 of this part, conform with applicable published OCC precedent, and must be: (i) Marketable and investment grade, or (ii) Satisfy the requirements of § 1.3(i). (i) (2) The aggregate par value of securities treated as investment securities under paragraph (i)(1) of this section may not exceed 5 percent of the bank's capital and surplus.

official document · source cfr-2024 · id 12:§ 1.3