2005 Idaho Code - 26-704 — DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 7
               LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
    26-704.  DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS. For
the purpose of determining limitations on loans and investments the following
items are to be disregarded:
    (1)  The sale of excess reserve funds by one (1) bank to another bank;
    (2)  The purchase of securities by a bank, under an agreement to resell at
the end of a stated period; and
    (3)  The purchase of mortgage loans by a bank, under agreement to resell
at the end of a stated period.
The director may, upon application by a bank, approve loans and investments in
excess of the limitations provided in this chapter.