I am trying to verify these % and unable to locate them in the regulation? HELP!
Amount Directors may borrow without prior Board Approval =5% of Banks unimpaired capital
Amount Officers may borrow without prior Board Approval = 2.5% of Banks unimpaired capital (subject to additional regO provisions)
Loan Limit for Directors unsecured =15% of Capital
Additional Loan Limit for Directors secured =10% of Capital *must be fully secured by readily marketable collateral; CDs, readily saleable gov securities etc.
Loan Limit for Non-Directors & Non-Officers =25% of Capital