Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 29 - BORROWINGS
Section 29.3 - Borrowings from affiliates
Universal Citation: 10 PA Code ยง 29.3
Current through Register Vol. 54, No. 12, March 23, 2024
Borrowings by an institution owned or controlled by a bank holding company from the bank holding company and other bank or nonbank subsidiaries of the bank holding company does not constitute borrowing of money. The borrowings shall be made in conformance with a written policy established by the bank holding company governing the financial planning of the bank holding company and its subsidiaries.
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