Guarantee Trust Permits – Issuance from the Part Bank’s operating part get matter security believe licenses
OCC Interpretive Letter 69 [1978-1979 Import Binder] Given. Banking L. Representative. (CCH) 85,144, 1978 WL 21859, 1978 LEXIS 8 (October 17, 1978).
National financial will get collateralize public deposits obtained of your state otherwise state authority offered county financial institutions are permitted to accomplish this not as much as condition laws
Collateralization regarding Personal Places County banking companies may pledge assets loans Bay Minette to collateralize dumps from social funds by government, Condition or regional personal organizations. Area 5(7)(c) and you can (d) of your Illinois Financial Act [205 ILCS 5/5(7)(c) and you may (d)]. Pick in addition to OBRE Interpretive Letter 91-06 (February fourteen, 1991), OBRE Interpretive Letter 91-04 (February 26, 1991).