Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

   

















    Site Map

    Our Sponsors

    Home













Compliance Gurus
Lending Gurus
Security Gurus
Marketing Gurus
Technology Gurus
eBanking Gurus

Print Friendly! Email This Article! Discuss NOW!


Required Forms For Reg O Compliance: What do directors and executives need to sign?
Answer by: Andy Zavoina, BOL Guru
BIO AND CONTACT INFO

Question: What forms are required to be completed by Executive Officers and Directors for Reg O on an annual basis? We are a national bank. I have the Report on Indebtedness. Don't we have to complete a form listing affiliated parties and have to complete a Directors Oath?

Answer: I won't say this list is exhaustive, but: * §215.12 Reporting requirement for credit secured by certain bank stock.

* §215.22 Report by executive officers and principal shareholders who has outstanding an extensions of credit from a correspondent bank. * §215.8(b) (1) & (c) (1) (Various methods are possible, but these may be annual requirements if you handle them in this manner.) Survey method. (i) Identifying, through an annual survey, all insiders of the bank itself; and each insider of the member bank’s affiliates; (this also requires you to track the debts)

First published on BankersOnline.com 8/05/02







Home | Compliance | Lending | Operations | Security | Marketing | Technology | eBanking
BOL Archives    Privacy Policy    Important Disclaimer   Recommend This Site !   Contact Us


BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.