Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 6342 (October 1, 2022).

10 Pa. Code § 27.3. Limitations on leeway investments.

§ 27.3. Limitations on leeway investments.

 (a)  A bank or bank and trust company:

   (1)  Shall limit its leeway investments in one corporation to 2.0% of the institution’s capital and surplus at the time of acquisition of the investments.

   (2)  Shall limit its aggregate total of leeway investments to 10% or less of the institution’s capital and surplus at the time of acquisition of the investment.

 (b)  A savings bank:

   (1)  Shall limit its leeway investments in one corporation to 0.2% of the book value of the assets of the institution at the time of acquisition of the investment.

   (2)  Shall limit its aggregate total of leeway investments to 3.0% of the book value of the assets of the institution at the time of acquisition of the investment.



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