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Reporting Requirement for Executive Officers

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Question: 
I have a Reg O Publication that states executive officers may have to file a report to the board if they borrow money from another bank or banks and 12 CFR 215.9 is referenced. The regulation is not clear on this reporting requirement for executive officers. Can you clarify this requirement.
Answer: 

That section of Regulation O was repealed on December11, 2006.

First published on BankersOnline.com 7/23/12

First published on 07/23/2012

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