Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 27 - LEEWAY INVESTMENTS
Section 27.3 - Limitations on leeway investments
Universal Citation: 10 PA Code ยง 27.3
Current through Register Vol. 54, No. 44, November 2, 2024
(a) A bank or bank and trust company:
(1) Shall limit its leeway investments in one
corporation to 2.0% of the institution's capital and surplus at the time of
acquisition of the investments.
(2)
Shall limit its aggregate total of leeway investments to 10% or less of the
institution's capital and surplus at the time of acquisition of the
investment.
(b) A savings bank:
(1) Shall limit its leeway investments
in one corporation to 0.2% of the book value of the assets of the institution
at the time of acquisition of the investment.
(2) Shall limit its aggregate total of leeway
investments to 3.0% of the book value of the assets of the institution at the
time of acquisition of the investment.
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