Can anyone clarify this requirement? CFR 215.23 "Reports of Indebtedness of Executive Officers and Principal Stockholders and their Related Interests to Correspondent Banks" In 2006 this was repealed, however I am getting conflicting information researching and preparing to audit this area. Thanks

It has been eliminate, however Section 106(b)(2) of the Bank Holding Company Act Amendments of 1970 ("BHC Act Amendments") adds further restrictions on extensions of credit to an executive officer, director, or principal shareholder of a bank from a correspondent bank. How you track for those requirements are up to the bank.