Section 614.4355 - Banks for cooperativesNo bank for cooperatives may make a loan if the consolidated amount of all loans outstanding and undisbursed commitments to that borrower exceeds the following percentages of the lending and leasing limit base of the bank:
(a)Basic limit.(1) Term loans to eligible cooperatives: 25 percent.(2) Term loans to foreign and domestic parties: 10 percent.(3) Lease loans qualifying under § 614.4020(a)(3) and applying to the lessee: 25 percent.(4) Standby letters of credit qualifying under § 614.4810 : 35 percent.(5) Guarantees qualifying under § 614.4800 : 35 percent.(6) Seasonal loans exclusive of commodity loans qualifying under § 614.4231 : 35 percent.(7) Foreign trade receivables qualifying under § 614.4700 : 50 percent.(8) Commodity loans qualifying under § 614.4231 : 50 percent.(9) Export and import letters of credit qualifying under § 614.4720 : 50 percent.(b)Total limit.(1) The sum of term and seasonal loans exclusive of commodity loans qualifying under § 614.4231 : 35 percent.(2) The sum of paragraphs (a)(1) through (a)(9) of this section: 50 percent.58 FR 40321, July 28, 1993, as amended at 62 FR 51015, Sept. 30, 1997; 64 FR 34517, June 28, 1999; 71 FR 65387, Nov. 8, 2006