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Home » Investments » Bank Investment

Investment in Bank Premises

Source: www.occ.treas.gov
Topic: Bank Investment

Sort Desciption: additional bank premises investment, if it determines that they are .... The OCC calculates a bank’s total investment in bank premises using net book ...

Content Inside: Investment in Bank Premises Comptroller’s Licensing Manual Washington, DC December 2005 Investment in Bank Premises Table of Contents Introduction.1 Multiple Transactions .1 Key Policies.2 Decision Criteria.2 Special Conditions.2 Application and Notice.3 After-the-Fact Notice.3 Standard Processing.4 Timing Considerations.4 Specific Requirements .4 Investment in Real Estate .4 Transactions with Insiders.5 Accounting.6 Appraisal .6 Options to Purchase .6 Procedures.8 After-the-Fact Notice.8 Application.9 Glossary .11 References.13 ii Investment in Bank Premises Introduction A national bank may hold property directly or invest in bank premises indirectly through a subsidiary, such as a bank premises corporation (that is, by owning the stock, bonds, or debentures of such a corporation). Loans to a bank premises corporation or upon the security of its stock also are considered to be investments in bank premises. A bank premises corporation is a statutory subsidiary under 12 USC 371d, not an operating subsidiary. Accordingly, a national bank may establish a subsidiary to hold bank premises in another corporate entity without seeking the Comptroller of the Currency’s (OCC’s) prior approval, subject to capital limitations. Any bank having a composite CAMELS rating of 1 or 2 that also is well capitalized, as defined in 12 CFR 6.4(b)(1), may make an aggregate investment in bank premises of up to 150 percent of its capital and surplus without OCC’s prior approval. However, the OCC does require an after-the-fact notice in certain circumstances (see After-the-Fact Notice section for complete discussion). A bank that intends to invest an amount greater than its capital stock in its bank premises, directly or indirectly, must file and obtain the OCC’s prior approval, unless it satisfies certain requirements (see the Exception section). This booklet contains policies and procedures to guide a bank in requesting an additional investment in b ...

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