Reg O question

Posted By: Anonymous

Reg O question - 01/11/23 05:19 PM

An executive officer at ANOTHER bank made some loans at my bank. We reported the loans to the Board of Directors. I couldn't find anything in Reg O regarding requirements for loans made to executive officers of OTHER banks... Are there any?
Posted By: rlcarey

Re: Reg O question - 01/11/23 05:37 PM

Depends if the other bank is a correspondent bank or not. There are no reporting responsibilities, but preferential terms would be prohibited.