Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 29 - BORROWINGS
Section 29.1 - Borrowings on account of sale of participations
Universal Citation: 10 PA Code ยง 29.1
Current through Register Vol. 54, No. 12, March 23, 2024
The sale of a participation in an item such as certificates of deposit, commercial loan pools, collateral loan pools and Treasury notes, including securities, shall constitute money borrowed if either the selling institution is obligated to repurchase the participation or the maturity of the participation certificate differs from those of the item comprising the pool or item participated.
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