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Occ Repurchase Agreements

The links in this section mainly concern money market assets and securities purchased by banks for their own accounts. The money market generally refers to short-term credit instrument markets, such as commercial securities, bank acceptances, tradable certificates of deposit, pension transactions and federal funds. (3) Exceptions. To determine the amount of the DEC, the OCC excludes the debts of an international banking facility (IBF) to third parties and a federal branch of a foreign bank to an IBF. The CCO may exclude debts on a case-by-case basis from repurchase transactions. The Federal Audit Council of Financial Institutions (FFIEC) has amended its statement of principle on the pension transactions of custodian institutions with securities dealers and others. The policy statement provides insured deposit-checkers with guidance for the safe and sound conclusion of pension transactions. This document also replaces the previous policy statement, OCC Banking Circular 210, Repurchase Agreements of Depository Institutions with Securities Dealers and Others, of October 31, 1985. (2) Calculation. The total amount of the consolidated CED continues to be formally calculated. (2) Must be maintained in accordance with an agreement prescribed by the CCO, which is a written agreement with the CCO within the meaning of Section 8 of the Federal Deposit Insurance Act, 12 U.S.C 1818; and the final inter-institutional policy statement on the management of financing and liquidity risks (b) increase in capital equivalent inflows. For prudential or regulatory reasons, the CCO may require, on a case-by-case or other basis, that a foreign bank increase its DEC above the minimum amount. For example, the CCO may require an increase if a federal institution or a foreign bank agency increases its leverage by creating, acquiring or providing maintenance for an operating subsidiary.

(1) without the prior approval of the OCC, it cannot be reduced to the minimum required for this branch or agency, but under no circumstances below the legal minimum; (ii) U.S. dollar deposits payable in the United States or another group of 10 country; (2) Legal requirements.

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