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#2215673 - 06/13/19 04:32 PM Holding Company OD
Anonymous
Unregistered

My bank's holding company was on the OD list. Someone failed to make a transfer the day before. Is it a violation (Reg W or any other reg) to waive the OD fee?

Thank you in advance-

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#2215676 - 06/13/19 05:04 PM Re: Holding Company OD Anonymous
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,570
Galveston, TX
It was the OD that is the violation, fee imposed or otherwise.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2215692 - 06/13/19 06:10 PM Re: Holding Company OD Anonymous
Anonymous
Unregistered

is that specifically stated in the Reg anywhere?

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#2215699 - 06/13/19 06:39 PM Re: Holding Company OD Anonymous
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,570
Galveston, TX
What was the collateral that secured this loan to your affiliate?


Sec. 223.14 What are the collateral requirements for a credit transaction with an affiliate?

(a) Collateral required for extensions of credit and certain other covered transactions. A member bank must ensure that each of its credit transactions with an affiliate is secured by the amount of collateral required by paragraph (b) of this section at the time of the transaction.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2215791 - 06/14/19 06:35 PM Re: Holding Company OD Anonymous
Anonymous
Unregistered

thank you! smile

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