Mandatory and discretionary supervisory actions.

CFR · 2024-01-01 · US · Title 12

(a) (2) (i) Restricting payment of capital distributions and management fees (section 38(d) of the FDI Act); (ii) Requiring that the FDIC monitor the condition of the FDIC-supervised institution (section 38(e)(1) of the FDI Act); (iii) Requiring submission of a capital restoration plan within the schedule established in this subpart (section 38(e)(2) of the FDI Act); (iv) Restricting the growth of the FDIC-supervised institution's assets (section 38(e)(3) of the FDI Act); and (v) Requiring prior approval of certain expansion proposals (section 38(e)(4) of the FDI Act). (3) (4) (A) Entering into any material transaction other than in the usual course of business, including any investment, expansion, acquisition, sale of assets, or other similar action with respect to which the depository institution is required to provide notice to the appropriate Federal banking agency; (B) Extending credit for any highly leveraged transaction; (C) Amending the institution's charter or bylaws, except to the extent necessary to carry out any other requirement of any law, regulation, or order; (D) Making any material change in accounting methods; (E) Engaging in any covered transaction (as defined in section 23A(b) of the Federal Reserve Act (12 U.S.C. 371c(b))); (F) Paying excessive compensation or bonuses; (G) Paying interest on new or renewed liabilities at a rate that would increase the institution's weighted average cost of funds to a level significantly exceeding the prevailing rates of i

official document · source cfr-2024 · id 12:§ 324.405