What a confusing regulation.
Is this correct:
For extension of credit to Executive Officers for "other purpose" loans, amounts are limited to $25,000 or 2.5% of unimpaired capital and unimpaired surplus, whichever is greater, up to $100,000
For directors, principal shareholders and related interests AND Executive Officers, rules concerning prohibitions, board approval, borrowing amounts, and aggregation of credit apply.
For executive officers and directors, overdraft rules apply.
I've never paid much attention to Reg. O because there was no need, and now that I need to understand it, I see it's no easy task.
And where is Superman when I need him?