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4000 - Advisory Opinions Guarantee of Obligations of Bank's Wholly Owned Subsidiaries Not in Violation of Part 332 FDIC-83-4 March 3, 1983 Monica S. Lercher, Regional Attorney I am writing this letter to confirm advice I had given you during a telephone conversation on February 16, 1983 concerning the applicability of Part 332 of the FDIC rules and regulations (12 C.F.R. 332). Specifically, I advised you that Part 332 is not applicable to a bank's guarantee of the obligations of its wholly owned subsidiaries. Although such a guarantee would not violate Part 332, your bank must of course comply with all other appropriate state and federal laws.
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FDIC Law, Regulations, Related Acts |