Supplemental Materials

Lending Limit Exercise

Prepared by

Howell E. Jackson &

Elizabeth Schiltz

A. Loans-to-one-Borrower: Statutory Provisions, Regulations, and Interpretations --

• 12 U.S.C. § 84
• 12 C.F.R. Part 32
• OCC Preamble to Revised Part 32, 60 Fed. Reg. 3526 (Feb. 15, 1995)
• OCC Int. Ltr. 400 (Nov. 9, 1987)
• OCC No. Obj. Ltr. 88-3 (March 29, 1988)

B. Loans and other Extensions of Credit to to Executive Officers, Directors, and Principal Shareholders: Statutory Provivions, Associated Regulations, and Interpretation --

• 12 U.S.C. § 375a
• 12 U.S.C. § 375b
• 12 C.F.R. Part 215 ("Reg O")
• 12 C.F.R. Part 31
• OCC Int. Ltr. 166 (Oct. 8, 1980)

C. Transactions with Affiliates: Statutory Provisions --

• 12 U.S.C. § 371c
• 12 U.S.C. § 371c-1

Claire M. Dickerson, Partnership Law Advisor, § 5.2, at 151-69 (1991).

Stanley J. Friedman, "The Formal Opinion Letter," in Legal Opinion and Accountant Certification 18-24 & Appendix B (1975) (PLI Corporate Law & Practices Course Handbook Series, No. 166, vol. 1).