OCC Interpretive Letter 69 [1978-1979 Import Binder] Fed. Financial L. Rep. (CCH) 85,144, 1978 WL 21859, 1978 LEXIS 8 (Oct 17, 1978).
Federal financial may collateralize public dumps gotten of a state or state expert given county financial institutions are permitted to do this around county legislation
Collateralization regarding Public Dumps Condition banks get vow assets so you’re able to collateralize places away from social financing because of the government, County or local public agencies. Section 5(7)(c) and you will (d) of your own Illinois Financial Act [205 ILCS 5/5(7)(c) and (d)]. Pick and OBRE Interpretive Page 91-06 (March 14, 1991), OBRE Interpretive Letter 91-04 (March 26, 1991). OCC Interpretive Letter 527 [1990-1991 Import Binder] Fed. Banking L. Representative. (CCH) 83,238, 1990 WL 364917, 1990 LEXIS 46 (September thirteen, 1990).
Collateralized Mortgage Loans – Providing and Offering out-of Financial will get procedure and sell CMOs backed by the a pool out of antique FHA-protected and you can Virtual assistant-insured domestic mortgage loans using a keen unaffiliated underwriter. OCC Interpretive Page 378 [1988-1989 Transfer Binder] Given. Financial L. Associate. (CCH) 85,602, 1987 WL 154133, 1987 LEXIS 2 (March 24, 1987). Bank can get manage mortgage recognized citation-compliment of bonds from the going label so you’re able to pooled mortgage loans to good trustee. OCC Interpretive Letter 171 [1981-1982 Transfer Binder] Given. Financial L. Agent. (CCH) 85,252, 1980 WL 48458, 1980 check loans Bayou La Batre LEXIS 40 (November twenty-eight, 1980); OCC Interpretive Letter 41 [1978-1979 Transfer Binder] Fed. Financial L. Agent. (CCH) 85,116, 1978 WL 21837, 1978 LEXIS 28 (Can get 18, 1978); OCC Interpretive Letter 123 [1981-1982 Import Binder] Fed. Financial L. Agent. (CCH) 85,204, 1979 WL 25442, 1979 LEXIS 6 (September 19, 1979); OCC Interpretive Page 417 [1988-1989 Import Binder] Fed. Financial L. Associate. (CCH) 85,641, 1988 WL 284801, 1988 LEXIS fifteen (March 17, 1988); OCC Interpretive Letter 423 [1988-1989 Transfer Binder] Provided. Financial L. Rep. (CCH) 85,647, 1988 WL 242348, 1988 LEXIS twenty-seven (April 11, 1988); OCC Interpretive Page dated July eight, 1986, 1986 WL 143963; OCC Interpretive Letter old June 18, 1986, 1986 WL 143957.
Merchandise Futures Susceptible to limits, bank’s doing work subsidiary could possibly get act as item futures percentage merchant to have exchange-traded futures
Collateralized Financial Personal debt – Providing, Underwriting and dealing during the Via Subsidiary Bank’s working part can get issue, underwrite and you will contract during the indications off indebtedness (bonds) partially collateralized by the pools away from mortgage loans, and additionally GNMA permits, FNMA certificates, FHLMC licenses, and/otherwise low-federally covered conventional home-based mortgage loans. OCC Interpretive Letter 362 [1985-1987 Transfer Binder] Fed. Banking L. Representative. (CCH) 85,532, 1986 WL 85093, 1986 LEXIS 5 (Get twenty-two, 1986).
Collateralized Financial Obligations – Purchase of Lender get get instead of restrict collateralized home loan loans you to meet the requirements away from twelve U.S.C. 24(Seventh). OCC Interpretive Page old April 16, 1987, 1987 WL 149796.
Industrial Papers Location Lender could possibly get place third party commercial report. OCC Interpretive Letter 329 [1985-1987 Transfer Binder] Given. Banking L. Representative. (CCH) 85,499, 1985 WL 73140, 1985 LEXIS 24 (March 4, 1985). Come across along with OCC Interpretive Letter 627 (July 13, 1993).
Commercial Papers – Purchases off Affiliates Financial could possibly get promote a keen affiliate’s industrial papers. OCC Interpretive Page 24 [1978-1979 Import Binder] Provided. Financial L. Associate. (CCH) 85,099, 1978 WL 21824, 1978 LEXIS 39 (February 24, 1978).
OCC Interpretive Letter 507 [1990-1991 Import Binder] Fed. Banking L. Agent. (CCH) 83,205, 1990 WL 364908, 1990 LEXIS twenty two (May 5, 1990). Pick also OCC Interpretive Letter 684 (August cuatro, 1995), OCC-IL-632 (Summer 29, 1993).
Products Futures and Possibilities – Dealing in the Thru Part Bank’s functioning subsidiary could possibly get execute customers transactions to possess institutional and you can personal consumers, into the product futures and you may options towards the commodity futures deals, to own money, gold-and-silver bullion, and you can stock indicator, that can carry out customers requests getting agricultural and metals futures within the contact with owner’s hedging with respect to hidden loans about lender. OCC Interpretive Page dated Summer thirteen, 1986, 1986 WL 143993; OCC Interpretive Page 356 [1985-1987 Transfer Binder] Provided. Financial L. Agent. (CCH) 85,526, 1986 WL 85079, 1986 LEXIS 1 (January seven, 1986).