Other equity investments by a national bank.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) (2) (d) (i) An agricultural credit corporation; (ii) A savings association eligible to be acquired under section 13 of the Federal Deposit Insurance Act (12 U.S.C. 1823); and (iii) Any other equity investment that may be authorized by statute after February 12, 1990, if not covered by other applicable OCC regulation. (2) The written notice required by paragraph (d)(1) of this section must include a description, and the amount, of the bank's investment. (3) The OCC reserves the right to require additional information as necessary. (e) (1) Describe the structure of the investment and the activity or activities conducted by the enterprise in which the bank is investing. To the extent the notice relates to the initial affiliation of the bank with a company engaged in insurance activities, the bank should describe the type of insurance activity that the company is engaged in and has present plans to conduct. The bank must also list for each State the lines of business for which the company holds, or will hold, an insurance license, indicating the State where the company holds a resident license or charter, as applicable; (2) State: (i) Which paragraphs of § 5.34(f)(5) describe the activity; or (ii) If the activity is substantively the same as a previously approved activity: (A) How the activity is substantively the same as a previously approved activity; (B) The citation to the applicable precedent; and (C) That the activity will be conducted in accordance with the

official document · source cfr-2024 · id 12:§ 5.36