OCC Interpretive Page 69 [1978-1979 Import Binder] Provided. Banking L. Representative. (CCH) 85,144, 1978 WL 21859, 1978 LEXIS 8 (October 17, 1978).
Federal lender may collateralize public dumps gotten out of a state or local government power given county finance companies are permitted to achieve this around condition rules
Collateralization of Societal Places State finance companies get pledge property so you can collateralize dumps out-of public loans by the federal, State otherwise regional personal companies. Point 5(7)(c) and (d) of the Illinois Banking Operate [205 ILCS 5/5(7)(c) and (d)]. Discover and additionally OBRE Interpretive Letter 91-06 (March fourteen, 1991), OBRE Interpretive Letter 91-04 (February twenty-six, 1991). OCC Interpretive Letter 527 [1990-1991 Import Binder] Given. Banking L. Rep. (CCH) 83,238, 1990 WL 364917, 1990 LEXIS 46 (Sep 13, 1990).
Collateralized Financial Debt – Giving and you can Selling regarding Financial could possibly get material and sell CMOs recognized of the a share regarding antique FHA-protected and you can Virtual assistant-insured home-based mortgages as a result of a keen unaffiliated underwriter. OCC Interpretive Letter 378 [1988-1989 Transfer Binder] Given. Banking L. Associate. (CCH) 85,602, 1987 WL 154133, 1987 LEXIS dos (March 24, 1987). Bank can get do financial supported pass-by way of bonds from the going term to pooled mortgage loans in order to a beneficial trustee. OCC Interpretive Letter 171 [1981-1982 Transfer Binder] Provided. Financial L. Rep. (CCH) 85,252, 1980 WL 48458, 1980 LEXIS 40 (November twenty-eight, 1980); OCC Interpretive Page 41 [1978-1979 Import Binder] Fed. Banking L. Representative. (CCH) 85,116, 1978 WL 21837, 1978 LEXIS twenty eight (Could possibly get 18, 1978); OCC Interpretive Page 123 [1981-1982 Transfer Binder] Provided. Banking L. Associate. (CCH) 85,204, 1979 WL 25442, 1979 LEXIS six (Sep 19, 1979); OCC Interpretive Page 417 [1988-1989 Transfer Binder] Given. Banking L. Rep. (CCH) 85,641, 1988 WL 284801, 1988 LEXIS 15 (March 17, 1988); OCC Interpretive Letter 423 [1988-1989 Import Binder] Provided. Financial L. Representative. (CCH) 85,647, 1988 WL 242348, 1988 LEXIS 27 (April eleven, 1988); OCC Interpretive Page dated July seven, 1986, 1986 WL 143963; OCC Interpretive Letter dated Summer 18, 1986, 1986 WL 143957.
Commodities Futures At the mercy of constraints, bank’s functioning subsidiary may play the role of product futures commission seller getting exchange-replaced futures
Collateralized Financial Personal debt – Issuing, Underwriting and working during the Via Subsidiary Bank’s doing work part get point, underwrite and you will contract within the evidences out of indebtedness (bonds) partly collateralized by swimming pools from mortgage loans, along with GNMA permits loan places Bayou La Batre, FNMA licenses, FHLMC certificates, and/otherwise non-federally insured traditional domestic mortgage loans. OCC Interpretive Letter 362 [1985-1987 Transfer Binder] Provided. Financial L. Rep. (CCH) 85,532, 1986 WL 85093, 1986 LEXIS 5 (Can get 22, 1986).
Collateralized Financial Debt – Purchase of Bank could possibly get purchase in the place of limitation collateralized financial debt you to meet the requirements regarding twelve U.S.C. 24(Seventh). OCC Interpretive Page dated April sixteen, 1987, 1987 WL 149796.
Industrial Paper Placement Lender can get set 3rd party industrial papers. OCC Interpretive Page 329 [1985-1987 Transfer Binder] Provided. Financial L. Agent. (CCH) 85,499, 1985 WL 73140, 1985 LEXIS 24 (March cuatro, 1985). Select including OCC Interpretive Letter 627 (July 13, 1993).
Industrial Paper – Selling of Associates Bank can get sell a keen affiliate’s commercial papers. OCC Interpretive Letter 24 [1978-1979 Transfer Binder] Provided. Banking L. Associate. (CCH) 85,099, 1978 WL 21824, 1978 LEXIS 39 (March 24, 1978).
OCC Interpretive Letter 507 [1990-1991 Transfer Binder] Fed. Financial L. Representative. (CCH) 83,205, 1990 WL 364908, 1990 LEXIS 22 (Will get 5, 1990). Look for also OCC Interpretive Page 684 (August 4, 1995), OCC-IL-632 (Summer 29, 1993).
Merchandise Futures and you may Alternatives – Dealing within the Thru Subsidiary Bank’s functioning part may carry out customers deals to possess organization and you will personal people, within the commodity futures and you may choice toward product futures deals, getting currency, gold-and-silver bullion, and you may inventory indicator, and could do customers instructions getting farming and you will gold and silver coins futures during the exposure to customer’s hedging when it comes to underlying fund about bank. OCC Interpretive Letter dated June thirteen, 1986, 1986 WL 143993; OCC Interpretive Page 356 [1985-1987 Import Binder] Given. Financial L. Associate. (CCH) 85,526, 1986 WL 85079, 1986 LEXIS 1 (January 7, 1986).