[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR215.9]

[Page 432]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 215--LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND PRINCIPAL SHAREHOLDERS OF MEMBER BANKS (REGULATION O)--Table of Contents
 
Subpart A--Loans by Member Banks to Their Executive Officers, Directors, 
                       and Principal Shareholders
 
Sec. 215.9  Reports by executive officers.

    Each executive officer of a member bank who becomes indebted to any 
other bank or banks in an aggregate amount greater than the amount 
specified for a category of credit in Sec. 215.5(c) of this part, shall, 
within 10 days of the date the indebtedness reaches such a level, make a 
written report to the board of directors of the officer's bank. The 
report shall state the lender's name, the date and amount of each 
extension of credit, any security for it, and the purposes for which the 
proceeds have been or are to be used.