{"data":{"id":"us/12-cfr-614.4355","jurisdiction":"us","citation":"12 CFR 614.4355","heading":"Banks for cooperatives.","body":"No bank for cooperatives may make a loan if the consolidated amount of all loans outstanding and undisbursed commitments to that borrower exceeds the following percentages of the lending and leasing limit base of the bank:\n(a) Basic limit. (1) Term loans to eligible cooperatives: 25 percent.\n(2) Term loans to foreign and domestic parties: 10 percent.\n(3) Lease loans qualifying under § 614.4020(a)(3) and applying to the lessee: 25 percent.\n(4) Standby letters of credit qualifying under § 614.4810: 35 percent.\n(5) Guarantees qualifying under § 614.4800: 35 percent.\n(6) Seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.\n(7) Foreign trade receivables qualifying under § 614.4700: 50 percent.\n(8) Commodity loans qualifying under § 614.4231: 50 percent.\n(9) Export and import letters of credit qualifying under § 614.4720: 50 percent.\n(b) Total limit. (1) The sum of term and seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.\n(2) The sum of paragraphs (a)(1) through (a)(9) of this section: 50 percent.","path":["Title 12—Banks and Banking","CHAPTER VI—FARM CREDIT ADMINISTRATION","SUBCHAPTER B—FARM CREDIT SYSTEM","PART 614—LOAN POLICIES AND OPERATIONS","Subpart J—Lending and Leasing Limits"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"99d4278417f61aa4a7459e26bbbe603de2949464ca1a24257315096a678e5f26","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-614.4354","next":"us/12-cfr-614.4356"},"notice":"GroundRules: Original legal text. Not legal advice."}