Guarantee Believe Licenses – Issuance of the Part Bank’s operating subsidiary will get thing collateral trust certificates
OCC Interpretive Page 69 [1978-1979 Import Binder] Given. Banking L. Rep. (CCH) 85,144, 1978 WL 21859, 1978 LEXIS 8 (Oct 17, 1978).
National lender can get collateralize personal deposits gotten from a state otherwise local government power offered state banks are permitted to accomplish this significantly less than state laws
Collateralization of Social Places Condition financial institutions could possibly get hope assets so you can collateralize places regarding personal fund from the government, Condition otherwise regional personal companies. Point 5(7)(c) and (d) of your Illinois Financial Act [205 ILCS 5/5(7)(c) and you may (d)]. Get a hold of also OBRE Interpretive Letter 91-06 (February fourteen, 1991), OBRE Interpretive Page 91-04 (February 26, 1991). OCC Interpretive Page 527 [1990-1991 Import Binder] Given. Financial L. Agent. (CCH) 83,238, 1990 WL 364917, 1990 LEXIS 46 (September thirteen, 1990).
Collateralized Mortgage Debt – Issuing and Selling away from Bank could possibly get question and sell CMOs backed by the a pool regarding traditional FHA-secured and you may Virtual assistant-insured residential mortgages due to a keen unaffiliated underwriter. OCC Interpretive Page 378 [1988-1989 Import Binder] Given. Financial L. Representative. (CCH) 85,602, 1987 WL 154133, 1987 LEXIS dos (February 24, 1987). Read more
