Investment in national bank or Federal savings association premises.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) (i) Premises that are owned and occupied (or to be occupied, if under construction) by a national bank or Federal savings association, its respective branches, or its consolidated subsidiaries; (ii) Capitalized leases and leasehold improvements, vaults, and fixed machinery and equipment; (iii) Remodeling costs to existing premises; (iv) Real estate acquired and intended, in good faith, for use in future expansion; or (v) Parking facilities that are used by customers or employees of the national bank or Federal savings association. (2) (d) (ii) (A) A description of the national bank's or Federal savings association's present investment in banking premises; (B) The investment in banking premises that the national bank or Federal savings association intends to make, and the business reason for making the investment; and (C) The amount by which the national bank's or Federal savings association's aggregate investment will exceed the amount of the national bank's or Federal stock savings association's capital stock, or, in the case of a Federal mutual savings association, the amount of retained earnings. (2) (3) (ii) (4) (5)

official document · source cfr-2024 · id 12:§ 5.37