[Code of Federal Regulations]
[Title 12 Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR3.7]

[Page 15]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 3--MINIMUM CAPITAL RATIOS; ISSUANCE OF DIRECTIVES--Table of Contents
 
                    Subpart B--Minimum Capital Ratios
 
Sec. 3.7  Plan to achieve minimum capital ratios.

    Effective December 31, 1990, any bank having capital ratios less 
than the minimums required under Sec. 3.6 (a) and (b) shall, within 60 
days, submit to the OCC a plan describing the means and schedule by 
which the bank shall achieve the applicable minimum capital ratios. The 
plan may be considered acceptable unless the bank is notified to the 
contrary by the OCC. A bank in compliance with an acceptable plan to 
achieve the applicable minimum capital ratios will not be deemed to be 
in violation of Sec. 3.6.

[55 FR 38800, Sept. 21, 1990]