C » Topics » Transactions with Nonbank Subsidiaries

These excerpts taken from the C 10-K filed Feb 27, 2009.

Transactions with Nonbank Subsidiaries

A banking subsidiary’s transactions with a holding company or nonbank subsidiary generally are limited to 10% of the banking subsidiary’s capital stock and surplus, with an aggregate limit of 20% of the banking subsidiary’s capital stock and surplus for all such transactions. Such transactions must be on arm’s-length terms, and certain credit transactions must be fully secured by approved forms of collateral.

Transactions with Nonbank Subsidiaries

A banking subsidiary’s transactions with a holding company or nonbank subsidiary generally are limited to 10% of the banking subsidiary’s capital stock and surplus, with an aggregate limit of 20% of the banking subsidiary’s capital stock and surplus for all such transactions. Such transactions must be on arm’s-length terms, and certain credit transactions must be fully secured by approved forms of collateral.

This excerpt taken from the C 10-K filed Feb 22, 2008.

Transactions with Nonbank Subsidiaries

A banking subsidiary’s transactions with a holding company or nonbank subsidiary generally are limited to 10% of the banking subsidiary’s capital stock and surplus, with an aggregate limit of 20% of the banking subsidiary’s capital stock and surplus for all such transactions. Such transactions must be on arm’s-length terms, and certain credit transactions must be fully secured by approved forms of collateral.

This excerpt taken from the C 10-K filed Feb 23, 2007.

Transactions with Nonbank Subsidiaries

A banking subsidiary’s transactions with a holding company or nonbank subsidiary generally are limited to 10% of the banking subsidiary’s capital stock and surplus, with an aggregate limit of 20% of the banking subsidiary’s capital stock and surplus for all such transactions. Such transactions must be on arm’s-length terms, and certain credit transactions must be fully secured by approved forms of collateral.

This excerpt taken from the C 10-K filed Feb 24, 2006.

Transactions with nonbank subsidiaries

        A banking subsidiary's transactions with a holding company or nonbank subsidiary generally are limited to 10% of the banking subsidiary's capital stock and surplus, with an aggregate limit of 20% of the banking subsidiary's capital stock and surplus for all such transactions. Such transactions must be on arm's-length terms, and certain credit transactions must be fully secured by approved forms of collateral.

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