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Electronic Code of Federal Regulations

e-CFR data is current as of November 14, 2019

Title 12Chapter IPart 24 → §24.3


Title 12: Banks and Banking
PART 24—COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS


§24.3   Public welfare investments.

A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under 12 CFR 25.23 as a “qualified investment.”

[73 FR 46534, Aug. 11, 2008]

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