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What recordkeeping is required by Regulation O?

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Question: 
What recordkeeping is required by Regulation O?
Answer: 

A bank must maintain records that:
(a) identify all Insiders (including executive officers of the bank’s parent
holding company and the bank’s affiliates) and their related interests and
(b) specify the amount and terms of each extension of credit to insiders and their related
interests.

The bank must annually request Insiders to identify their related interests.

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Most Common Regulation O Concerns

First published on 09/30/2018

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