Changes in permanent capital of a national bank.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e) (1) (2) (3) (i) The amount paid in on capital stock in excess of the par or stated value; (ii) Direct capital contributions representing the amounts paid in to the national bank other than for capital stock; (iii) The amount transferred from undivided profits; and (iv) The amount transferred from undivided profits reflecting stock dividends. (4) (f) (1) Consistent with law, regulation, and OCC policy thereunder; (2) Provides an adequate capital structure; and (3) If appropriate, complies with the bank's capital plan. (g) (ii) (A) Required to receive OCC approval pursuant to letter, order, directive, written agreement, or otherwise; (B) Selling common or preferred stock for consideration other than cash; or (C) Receiving a material noncash contribution to capital surplus. (2) (h) (i) (i) Describe the type and amount of the proposed change in permanent capital and explain the reason for the change; (ii) In the case of a reduction in capital, provide a schedule detailing the present and proposed capital structure; (iii) In the case of a material noncash contribution to capital, provide a description of the method of valuing the contribution; and (iv) State if the bank is subject to a capital plan with the OCC and how the proposed change would conform to a capital plan or if a capital plan is otherwise required in connection with the proposed change in permanent capital. (2) (3) (A) A description of the transaction, unless already provided pursuant to paragrap

official document · source cfr-2024 · id 12:§ 5.46