Calculation of limits.

CFR · 2024-01-01 · US · Title 12

(a) (1) The last day of the preceding calendar quarter; or (2) The date on which there is a change in the bank's capital category for purposes of 12 U.S.C. 1831o and 12 CFR 6.3. (b) (i) The date on which the bank's Consolidated Report of Condition and Income (Call Report) is submitted; or (ii) The date on which the bank's Consolidated Report of Condition and Income is required to be submitted. (2) A bank's investment limit calculated in accordance with paragraph (a)(2) of this section will be effective on the date that the limit is to be calculated. (c) (d) (i) Obligations issued by obligors that are related directly or indirectly through common control; and (ii) Securities that are credit enhanced by the same entity. (2) (e) (2) (i) The investment company's holdings of the securities of any one issuer do not exceed 5 percent of its total portfolio; and (ii) The bank's total holdings of the investment company's shares do not exceed the most stringent investment limitation that would apply to any of the securities in the company's portfolio if those securities were purchased directly by the bank.

official document · source cfr-2024 · id 12:§ 1.4