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OCC Interpretive Letter 364 [1985-1987 Transfer Binder] Provided. Banking L. Representative. (CCH) 85,534, 1986 WL 89628, 1986 LEXIS 8 (July 9, 1986).

Banker’s Lender Inventory Bank may invest in inventory out of an enthusiastic FDIC-covered bank otherwise from a holding business and therefore owns or regulation an insured lender that’s solely owned by depository establishments (excepting needed directors’ qualifying offers), and therefore solely provides depository facilities associated properties

Bank Shared Money Financial could possibly get promote financial common money offered it complies that have the Argo loans prerequisites. OCC Interpretive Page 637 (September 17, 1993). Find along with OCC Interpretive Letter 656 (March 13, 1995).

Section 5(8) of Illinois Banking Work [205 ILCS 5/5(8)]. several You.S.C. 29, 371d; 12 C.F.Roentgen. eight.1000. Come across also OBRE Interpretive Page 93-07.1 (July dos, 1993) (county lender will get pick a property to restore for real house which is useful for lender premises); OBRE Interpretive Letter 93-09 (July 2, 1993) (condition financial get buy home for usage as staff parking lot); and OBRE Interpretive Page 91-33 (December 11, 1991) (condition lender owned by foreign business could possibly get purchase quarters for use from the bank group briefly assigned to Illinois). (more…)